Lot of selling pressure is just "noise". Lots of traders would be profit taking, sitting back ahead of BHP's results. The fact that it finished higher then yesterdays close, from a technical view is a plus..(i dont use technicals to trade a stock!).. I havent heard of any price of the convertible, but its not the price that I am concerned with, its the willingness of CIC to buy corporate/hybrid debt.. Once the dust settles, then lets see where the markets see FMG. Anywhere above $3.50 is a good solid support level.
Lot of selling pressure is just "noise". Lots of traders would...
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 (20min delay)
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Last
$16.20 |
Change
0.080(0.50%) |
Mkt cap ! $49.87B | |||
| Open | High | Low | Value | Volume |
| $15.98 | $16.34 | $15.91 | $139.5M | 8.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70232 | $16.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.20 | 830 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |