Resistance Point brokenthe stats on Tko are terrible but look at the price. The Price keeps going steadily up. Read the article below it sounds good.Published on 08/17/2010
NEW YORK (Market Intellisearch) -- The stock price of Taseko Mines Ltd. crossed above the 50-day moving average on lighter than usual volume. The crossing of the stock price above the 50-day moving average may signal the beginning of a bullish trend.
It is also important to note that shares of TGB rose
.25(+5.95%) to $4.45 in today's trading session. TGB traded between the range of $4.21 - $4.47. Today's trading activities for Taseko Mines Ltd. stock may be a sign that the shares will continue to head higher in the foreseeable future assuming the moving average has upward slope.
Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support and resistance levels for Taseko Mines Ltd. are 4.28 and 4.54 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.