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North American Palladium lifts 2.7% - at bullish turning point February 03, 2017 17:00 EST

Feb 03, 2017 - News Bites Canadian Markets


North American Palladium Ltd. (TSX:PDL), Canada's 82nd largest Metals & mining company by market cap, has reached a bullish turning point. The P/MAP [Price/Moving Average Price] was previously below 1 and falling. These were bearish indicators. Both indicators are now bullish with P/MAP greater than 1 and MAP rising. The price to 200-day MAP ratio is 1.03, a bullish indicator. In the past 200 days this ratio has exceeded 1.03 118 times suggesting further upside....