Canadian Banc inches higher, resistance at 12-day EMA March 01, 2017 17:00 EST
CANADIAN DAILY STOCK REPORT
Canadian Banc Corp. (TSX:BK), Canada's 36th largest Asset management company by market cap, has lifted 2.3% but fell short of the 12-day Exponential Moving Average [EMA] of CAD13.11. Compared with the S&P/TSX 60 Index which rose 11.1 points (1.2%) in the day, the relative price increase was 1.0%. The rise has been propped up by firm volume of 1.3 times the average daily volume of 10,682 shares. The stock last traded at CAD13.10.