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Labrador Iron Ore Royalty decreases after hitting resistance September 21, 2018 17:00 EDT

Sep 21, 2018 - News Bites Canadian Markets


Labrador Iron Ore Royalty Corporation (TSX:LIF), Canada's 2nd largest Steel company by market cap, has decreased 0.5% after hitting the upper Bollinger Band four times in the last ten days. The upper Bollinger Band marks the trajectory of resistance on a unit price. This is a bearish signal. Labrador Iron Ore Royalty's unit price has decreased 15.0c (0.5%) from its last trading session of September 20 to close at CAD27.70. Compared with the S&P/TSX 60 Index whic

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