[February 01, 2012] Traders Get Bullish on Shares of Augusta Resource, Shares Up 6.9% (AZC) Tweet Feb 01, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Augusta Resource (AMEX:AZC) is one of today's best performing low-priced stocks, up 6.9% to $3.39 on 1.4x average daily volume. Augusta Resource has traded 300,000 shares thus far today, vs. average volume of 218,000 shares per day. The stock has outperformed the Dow (6.9% to the Dow's 1.1%) and outperformed the S&P 500 (6.9% to the S&P's 1.0%) during today's trading. Augusta Resource Corporation is a mineral exploration and development company with copper and other base metal assets in the United States. Augusta Resource has overhead space with shares priced $3.39, or 35.8% below the average consensus analyst price target of $5.28. The stock should find resistance at its 200-day moving average (MA) of $3.91, as well as support at its 50-day MA of $3.23. Over the past year, Augusta Resource has traded in a range of $2.65 to $6.29 and is now at $3.39, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.7%. SmarTrend recommended that its subscribers protect gains by selling shares of Augusta Resource on October 20th, 2011 by issuing a Downtrend alert when the shares were trading at $3.27. Since that call, shares of Augusta Resource have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]