Closed above its VWAP for only the 3rd time in the last 17 trading days.
Last Trade - 16c. VWAP was 15.38c
Has mostly closed lower than VWAP in last month.
It did close above VWAP on 27th Feb (26c close, 24.67 VWAP) and 3rd March (23.5c Vs 21.7c VWAP)but the other 14 days have been a wipe out since it started the decline from 64c in early/mid-February.
I don't know if this is positive, but the stock closed in the green on a day that saw the 3rd highest daily volume of shares traded in its listed history.
Previously: 141m traded 24th August 2006 and 126m traded 25th Feb 2008 when it dropped 18% to close at 24.5c (intra day low of 19c).
Coop
GMG Price at posting:
14.5¢ Sentiment: Hold Disclosure: Not Held
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