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Thursday, April 5, 2012
Abnormal Volume Observed In (TSE: RON.TO)
RONA inc. (TSE: RON): fell by 0.48% or $-0.05/share to $10.30. In the past year, the shares have traded as low as $8.64 and as high as $14.06. On average, 360264 shares of RON.TO exchange hands on a given day and today's volume is recorded at 1531786. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $9.5257 area.
