Vale: Testing the 200 day (NYSE:VALE)

by Josh Vale SA ($VALE) is testing the 200 day moving average today again today. The 200 day is sitting at $16.34 with shares trading at $16.39. The 200 day moving average has served as resistance after breaking down in March.

Vale shares have been printing higher lows since August. The rising support level is on track to cross the 200 day very near November earnings. Volume has been about average today with 15 Million shares trading here with an hour left in the trading day (17 million shares is the daily average).

52 Week Range $12.39-$21.88 Market Cap 115,860,245,782 Average Volume 18,736,707 Dividend Yield 6.96% Institutional Ownership 8.90% Insider Ownership: 0.00% Percentage of Float Short 1.00% Beta 1.53

Vale SA 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.

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