SHORT TERM COMMENTARY: Exco Resources Limited [Tuesday 12 Oct. 2010]: (Autocomments)
Exco Resources Limited fell by -1.85% last day from AUD 0.54 to AUD 0.53. . In the last 10 days the price of Exco Resources Limited has been rising in a total of 5 out of 10 days, and is up by 8.16% over the past 2 weeks. Volume fell last day along with the stock which actually is a good sign as volume should follow the stock. Last day the tradingvolume fell by -779 742 shares and in total there was bought and sold 663 857 shares for approx. AUD 351 844.
3 MONTH TREND Exco Resources Limited lays in the lower part of a very wide and strong rising trend on short term, and this will normally pose a very good buying opportunity. A break down the bottom trendline at AUD 0.51 will in first place indicate a slower raising rate, but may as well be a early warning for a trend shift. Given the current short term trend the stock is expected to rise 83.4% during the next 3 months and with 90% probability hold a price between AUD 0.94 and AUD 1.30 at the end of this period.
Support/Resistance |s Support 1: AUD 0.43 Resistance 1: AUD 0.53 Support 2: AUD 0.40 Resistance 2: AUD 0.54 Support 3: AUD 0.40 Resistance 3: AUD 0.57
EXS Price at posting:
52.5¢ Sentiment: ST Buy Disclosure: Held
