Thompson Creek Metals: Pattern Resolving (NYSE:TC)

by Josh Thompson Creek Metals Co. Inc. ($TC) is crossing above the 200 day moving average today. Shares are resolving the symmetrical triangle (coil) chart pattern they have been forming since late April.

Technical traders will look for a test of the 200 day to confirm a new uptrend. Volume has been heavy, with 1.8 million shares already traded here at the noon hour.

52 Week Range $2.25-$4.55 Market Cap 597,537,897 Average Volume 1,461,402 Dividend Yield 0.00% Institutional Ownership 46.00% Insider Ownership: 0.00% Percentage of Float Short 16.20% Beta 2.73

Thompson Creek Metals Co. Inc. is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

Thompson Creek Metals Co. Inc. Thompson Creek Metals Company Inc., is a mining company that mines and processes molybdenum. The Company operates mines, mills, and metallurgical roasting facilities in Canada and the United States.

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