Powered by lexis nexis

Nexus Gold unchanged after hitting resistance February 01, 2017 17:00 EST

Feb 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Nexus Gold Corp. (TSXV:NXS), was unchanged after hitting the upper Bollinger Band three times in the last ten days. This is a bearish signal. The upper Bollinger Band marks the trajectory of resistance on an stock price. The stock price closed unchanged at 28.50c. The volume was 2.7 times the average trading volume of 512,005 shares.

SECTION 1

NEXUS GOLD BEARISH SIGNALS

1.1 Fundamentals:

+ Tobin's Q Ratio, defined as MCap divided by T...