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Monday, March 26, 2012

Unique Volume Encountered - (TSE: RMX.TO)

Rubicon Minerals Corporation (TSE: RMX): fell by 4.76% or $-0.16/share to $3.20. In the past year, the shares have traded as low as $3.05 and as high as $5.59. On average, 901462 shares of RMX.TO exchange hands on a given day and today's volume is recorded at 14463636. 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 $3.63 area but be careful because the stock may face selling pressure at this level.