Shares of North American Palladium Ltd. (PAL) Failed to Break the Support Line

Published on 07/30/2010 by Leo Goldman

Shares of PAL touched the 50-day moving average from above but failed to traverse below the widely watched support line of $3.28. If the stock stays above the critical 50-day moving average, then investors may continue to buy the shares in anticipation of an upward price move.

Shares of North American Palladium Ltd. closed at $3.35 in the previous trading session and opened today at $3.27. PAL is currently trading at $3.33, down $0.02 (-0.60%) in today's trading session. The shares of the stock are trading between $3.26 and $3.34. Today's price shift was accompanied by a volume of 916,696 shares which is less than the average volume of 1,984,860 shares.




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