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Thursday, April 5, 2012
Extraordinary Volume Found In (TSE: MDA.TO)
MacDonald, Dettwiler and Associates Ltd. (TSE: MDA): fell by 0.52% or $-0.23/share to $43.96. In the past year, the shares have traded as low as $41.70 and as high as $58.73. On average, 55445 shares of MDA.TO exchange hands on a given day and today's volume is recorded at 356956. 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 $43.97 area but be careful because the stock may face selling pressure at this level.
