Market IntellisearchNEW YORK (Market Intellisearch) -- Shares of Exeter ResourceCorporation closed above the 50-day moving average of $7.65. When analyzingtrading patterns, technical analysts and investors will view this developmentas a sign of strength. There are key data indicators that may be examined inorder to determine where this stock is headed. For instance, the price whencompared to the moving average can be used as an indicator to determine thetrend.
Today's closing price indicates that XRA may head higher in the foreseeablefuture assuming the moving average continues to increase. On the volume side,848,052 shares exchanged hands versus the average volume of 512,361. Theintraday price range is between $7.63 - $8.18 and the stock's 52 week low is2.5 and the high is 9.41.
Other relevant figures to examine are the support and resistance levels forXRA. Exeter Resource Corporation settled at $8.07
.44(+5.77%), based on thepivot points, the current support and resistance levels are 7.74 and 8.29respectively. If the resistance point price is broken in an upward movement,then the bullish trend is likely to continue and vice versa.