TMCnet News
Lynas Corporation Limited Down 6.7%, Shares Slide into the Red (LYSCF)Apr 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Lynas Corporation Limited (NASDAQ:LYSCF) is one of today's worst performing penny stocks, down 6.7% to $0.53 on 1.7x average daily volume. Thus far today, Lynas Corporation Limited has traded 413,000 shares, vs. average volume of 238,000 shares per day. The stock has underperformed the Dow (-7.0% to the Dow's 0.7%) and underperformed the S&P 500 (-7.0% to the S&P's 0.7%) during today's trading. In the past 52 weeks, shares of Lynas Corporation Limited have traded between the current low of $0.52 and a high of $1.22 and are now at $0.53. The 200-day and 50-day moving averages have moved 0.58% lower and 0.69% lower over the past week, respectively. Lynas Corporation Limited explores and mines for rare earth minerals such as cerium and neodymium. Lynas Corporation Limited has overhead space with shares priced $0.53, or 50.7% below the average consensus analyst price target of $1.08. Lynas Corporation Limited shares should first meet resistance at the 50-day moving average (MA) of $0.63 and find additional resistance at the 200-day MA of $0.74. SmarTrend is tracking the current trend status for Lynas Corporation Limited and will alert subscribers who have LYSCF in their portfolio or watchlist when shares have changed trend direction. 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 |