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Thursday, March 22, 2012

Unusual Volume Detected - (NASDAQ: GOLD)

Randgold Resources Ltd. (NASDAQ: GOLD): fell by 9.56% or $-9.89/share to $93.51. In the past year, the shares have traded as low as $73.10 and as high as $120.73. On average, 540049 shares of GOLD exchange hands on a given day and today's volume is recorded at 659877. 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 $108.14 area where the stock may encounter resistance.