BHP, RIO and FMG are doing well this morning considering, "The price of iron ore, measured for immediate delivery at the Qingdao port in China, slipped 1.2 per cent to $US69.58 per tonne, the lowest level since June 2009, according to Metal Bulletin".
BHP up 1%
RIO up 2% and
FMG down only 0.178%
Iron ore price is at its lowest today and the share price of the above three stocks hit their lowest last week. That is a good sign. The stocks bottoming before the resource price.
The quote above taken from BusinessDay, Markets Live, Brisbane Times, by the way.
iron ore price, page-555
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$21.92 |
Change
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Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $21.91 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 18370 | 7 |
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| FMG (ASX) Chart |