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Wednesday, July 3, 2013

Surprising Price Movement Detected - (TSE: MYG.TO)

TSE (TSE: MYG): fell by 22.43% or $-1.57/share to $5.43. In the past year, the shares have traded as low as $0.06 and as high as $0.44. On average, 95064 shares of MYG.TO exchange hands on a given day and today's volume is recorded at 2701. 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 $0.1413 area.