Abnormal Price Movement Encountered In (TSE: NKO.TO)

TSE (TSE: NKO): traded higher by 19.31% or $1.45/share to $8.96. In the past year, the shares have traded as low as $5.13 and as high as $20.94. On average, 494371 shares of NKO.TO exchange hands on a given day and today's volume is recorded at 234532. 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 $7.9236 area.