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Tuesday, March 27, 2012

Unique Price Movement Spotted In Shares Of (TSE: CG.TO)

Centerra Gold Inc. (TSE: CG): fell by 15.31% or $-2.47/share to $13.66. In the past year, the shares have traded as low as $14.56 and as high as $23.69. On average, 306556 shares of CG.TO exchange hands on a given day and today's volume is recorded at 643068. 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 $18.50 area but be careful because the stock may face selling pressure at this level.