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Friday, March 23, 2012

Unexpected Volume Spotted In Shares Of (TSE: PSI.TO)

Pason Systems Inc. (TSE: PSI): traded higher by 1.25% or $0.17/share to $13.80. In the past year, the shares have traded as low as $11.53 and as high as $16.53. On average, 62282 shares of PSI.TO exchange hands on a given day and today's volume is recorded at 348459. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $13.91 represents resistance and the 200-day moving average of $13.16 would be an area of support.