Vale: Consolidating below the 200 day (NYSE:VALE)

by Josh Vale SA ($VALE) was last at $16.44 up $0.26 (+1.61%) on a volume of 5,798,230 shares. Average daily volume has been 18,424,306 shares.

Vale shares are consolidating below the 200 day moving average, a key moving average that has proved to be resistance since April. Shares have been in a short term uptrend since July. Technicians will be watching for a breakout above the 200 day moving average.

52 Week Range $12.39-$21.88 Market Cap 117,070,832,247 Average Volume 18,424,306 Dividend Yield 6.38% Institutional Ownership 8.90% Insider Ownership: 0.00% Percentage of Float Short 1.30% Beta 1.54

Vale SA is a metals & mining company. It produces & supplies iron ore, iron ore pellets, nickel, manganese ore, ferroalloys, copper, coal, phosphates, potash, cobalt & others. Company also provides logistics services & invests in energy & steel industry.

Articles