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Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s):  TCKRF | TECK | T.TECK.B

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek Project, NorthMet Project, Mesaba Project, NuevaUnion Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a copper and zinc mine, located in the Andes Mountain range, 270 kilometers north of Lima, Peru. The deposit is located at an average elevation of 4,200 meters. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile at an elevation of 1,000 meters, approximately 350 kilometers north of Santiago. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.


TSX:TECK.A - Post by User

Comment by ellgaron Aug 03, 2011 6:28pm
257 Views
Post# 18901030

RE: RE: Your '200' price is VERY wrong,,,

RE: RE: Your '200' price is VERY wrong,,,If you look at the 200 MA on the weekly chart TCK.B is $35.27 $ TCK is $34.91 and if you set the chart at 14 months you will see that TCK was bouncing off that 200 this time last year, that's not long ago and POMO (QE2) had started in Sept 2010 and you can see the monitary support that had right up till the beginning of 2011.
  I'm not wanting to be negative but I now hold way more TCK than I would want in this enviroment but found myself averaging down in this selloff as I feel we are now at another crossroads with the euro problems, US and world economy slowing and no more QE$$ to support the market (yet) .. still I feel this is due for a rally back to $50 but I will be carefull if Friday's job #'s are a big miss ... as of this mornings report it does look better than expected...lets hope for all the longs.
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