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Wednesday, March 28, 2012

Surprising Price Movement Encountered In (TSE: FVI.TO)

Fortuna Silver Mines Inc. (TSE: FVI): fell by 15.37% or $-0.83/share to $4.57. In the past year, the shares have traded as low as $4.41 and as high as $7.58. On average, 383881 shares of FVI.TO exchange hands on a given day and today's volume is recorded at 1490539. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $6.20 area where the stock may encounter resistance.