Written on Thu, 02/21/2013 - 2:08pm
By David Diaz
Kimber Resources (AMEX:KBX) traded at a new 52-week low today of $0.25. Approximately 132,000 shares have changed hands today, as compared to an average 30-day volume of 77,000 shares.
Kimber Resources share prices have moved between a 52-week high of $1.21 and the current low of $0.25 and are currently at $0.25 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 1%.
Kimber Resources Inc. acquires and explores mineral properties. The Company currently holds an option to own mineral concessions located in the Sierra Madre gold-silver belt in Chihuahua State, Mexico.
Potential upside of 396.5% exists for Kimber Resources, based on a current level of $0.25 and analysts' average consensus price target of $1.25. The stock should run into initial resistance at its 50-day moving average (MA) of $0.37 and subsequent resistance at its 200-day MA of $0.60.
SmarTrend recommended that its subscribers protect gains by selling shares of Kimber Resources on May 7th, 2012 by issuing a Downtrend alert when the shares were trading at $0.86. Since that call, shares of Kimber Resources have fallen 67.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time
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