I did a few comparisons of the trading data and dug up the following....
The VWAP yesterday of 11.9c was the highest since 3 mar 08.
The close of 12c was alsothe highest since then.
The open was the highest since 5th march 08
volume was 29.8m shares which was the highest since the 3rd march
the low and the high yesterday were the highest since the 4th march.
Momentum has returned and the test now is for some consistency at a 12c base and trading in the 12c to 13c range over a couple of weeks with higher intra day highs and higher other data most importantly, a higher vwap each week.
This if it occurs, will provide some needed confidence for further investment by the larger investors.
Yesterdays trading was a bonanza for day traders but long term holders will I think, be looking for steady weekly increases in the vwap.
Good weeks ahead for FDL and FDLOA by the look of the data from the last few days, cheers Fatstocks.
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trading data sees indicators higher for fdl
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