Nevsun Resources Makes a Move: Up 6.9%
Published on Tue, 01/04/2012 - 13:05
By Robert Cotter in <
http://www.fnno.com/taxonomy/term/71> Market movers,
<
http://www.fnno.com/category/tickers/nsu> NSU,
<
http://www.fnno.com/category/keywords/amexnsu> amex:nsu,
<
http://www.fnno.com/taxonomy/term/1109> market movers,
<
http://www.fnno.com/category/keywords/nevsun-resources> nevsun resources
Nevsun Resources (AMEX:NSU) is one of today's notable stocks on the rise, up
6.9% to $5.91. The S&P is trading higher by 1.4% to 1,276 and the Dow is
trading 1.4% higher to 12,393.
Nevsun Resources Ltd. is a gold producer and base metal developer. The
Company has a gold-copper-zinc mine in Eritrea.
Potential upside of 28.0% exists for Nevsun Resources, based on a current
level of $5.91 and analysts' average consensus price target of $7.56. The
stock should find initial support at its 200-day moving average (MA) of
$5.91 and further support at its 50-day MA of $5.56.
In the past 52 weeks, Nevsun Resources share prices have been bracketed by a
low of $4.32 and a high of $7.75 and are now at $5.91, 37% above that low
price. In the last five trading sessions, the 50-day moving average (MA) has
climbed 0.4% while the 200-day MA has remained constant.
By Robert Cotter
rcotter_at_fnno.com
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Received on Wed Jan 04 2012 - 15:25:04 EST
