Surprising Price Movement Found In Shares Of (NYSE: MMR)

McMoRan Exploration Co. (NYSE: MMR): fell by 15.98% or $-1.94/share to $10.20. In the past year, the shares have traded as low as $8.25 and as high as $19.26. On average, 2355750 shares of MMR exchange hands on a given day and today's volume is recorded at 3783178. 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 $13.13 area where the stock may encounter resistance.