Golden Cross on Teck Resources (NYSE:TCK)

by Josh Teck Resources Ltd.’s ($TCK) 50 day moving average is crossing above it’s 200 day moving average. Technical traders term this a ‘golden cross’, a bullish signal. The volume is just above average with 1.6 million shares traded so far today, the average being 2.4 million shares.

Shares have been range bound since August, a breakout above the current resistance ($29.30) would add to the bullish backdrop.

52 Week Range $19.98-$38.57 Market Cap 15,793,802,975 Average Volume 2,107,544 Dividend Yield 3.20% Institutional Ownership 45.70% Insider Ownership: 0.00% Percentage of Float Short 1.90% Beta 3.20

Teck Resources Ltd. Teck Resources Ltd is a resource company. It mainly conducts exploration, development, and production of natural resources. Its main products are steelmaking coal, copper, zinc and lead.

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