Unexpected Volume Detected In (TSE: BIR.TO)

Birchcliff Energy Ltd. (TSE: BIR): fell by 13.95% or $-1.23/share to $7.59. In the past year, the shares have traded as low as $8.59 and as high as $15.58. On average, 530236 shares of BIR.TO exchange hands on a given day and today's volume is recorded at 1064109. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $10.91 area but be careful because the stock may face selling pressure at this level.