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Tuesday, March 27, 2012

Unusual Volume Encountered In (NYSE: RBS)

Royal Bank of Scotland Group plc (NYSE: RBS): traded higher by 2.88% or $0.26/share to $9.29. In the past year, the shares have traded as low as $9.60 and as high as $18.82. On average, 72216 shares of RBS exchange hands on a given day and today's volume is recorded at 474757. 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 $13.12 area where the stock may encounter resistance.