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Noranda Income Fund inches higher, resistance at 12-day EMA post dividend March 03, 2017 17:00 EST

Mar 3, 2017 - News Bites Canadian Markets


Noranda Income Fund (TSX:NIF.UN), Canada's 53rd largest Asset management company by market cap, has lifted 2.6% but fell short of the 12-day Exponential Moving Average [EMA] of CAD1.57. Compared with the S&P/TSX 60 Index which rose 4.4 points (0.5%) in the day, the relative price increase was 2.2%. The volume was 0.9 times the average daily trading volume of 125,724 units. The unit last traded at CAD1.55.


The units dropped 3.1% in the 4 tr

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