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LONDON, May 9, 2014 /PRNewswire/ --
The trading session on Thursday, May 08, 2014 ended on a mixed note as the Dow Jones Industrial Average finished at 16,550.97, up 0.20% and the NASDAQ Composite closed at 4,051.50, down 0.40%. The S&P 500 finished the day 0.14% lower at 1,875.63. During the trading session five out of ten sectors finished on a higher note. The S&P 500 Materials Sector Index ended the day 0.44% lower at 300.90, while the index has gained 6.64% in the previous three months. Investor-Edge has initiated coverage on the following equities: Teck Resources Ltd (NYSE: TCK), Molycorp Inc. (NYSE: MCP), Rio Tinto PLC (NYSE: RIO) and BHP Billiton Ltd (NYSE: BHP). Free technical research on TCK, MCP, RIO and BHP can be downloaded upon signing up at:
Shares in Teck Resources Ltd finished Thursday's session 1.08% higher at $22.55. A total of 2.01 million shares were traded, below its three months average volume of 2.43 million shares. The stock moved between $22.27 and $22.75 during the session. However, Teck Resources Ltd's shares have fallen by 0.09% in the previous three trading sessions and 3.92% in the last one month. Also, the stock has declined 13.30% from the beginning of 2014. The company's shares are trading above their 50-day moving average. The stock's 50-day moving average of $21.98 is below its 200-day moving average of $24.68. Moreover, Teck Resources Ltd's stock traded at a PE ratio of 18.19 and has a Relative Strength Index (RSI) of 48.70. Sign up today to read free research on TCK at:
On Thursday, Molycorp Inc.'s stock recorded a trading volume of 17.07 million shares, much above its three months average volume of 4.30 million shares. On Thursday, the stock finished the day at $3.71, which was 18.46% lower its previous day's closing of $4.55, and registered an intraday range of $3.55 and $4.10. Molycorp Inc.'s stock has lost 20.73% in the previous three trading sessions, 22.22% in the last one month and 33.99% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $4.87 and $5.54, respectively. Further, the company's stock and has an RSI of 36.85. On May 07, 2014, Molycorp Inc. also announced its Q1 FY2014 (period ended March 31, 2014) financial results. The company reported that its consolidated net revenues for Q1 2014 stood at $118.5 million, representing a decrease of 4% over the Q4 2013. Sign up today to read free research on MCP at:
On Thursday, shares in Rio Tinto PLC fluctuated between $54.15 and $54.66 before ending the session 1.27% lower at $54.31. The company's stock reported a trading volume of 2.18 million shares, below its three months average volume of 2.97 million shares. Over the previous three trading sessions and in the last one month, shares in Rio Tinto PLC have declined 0.15% and 5.27%, respectively. Additionally, the company's shares have lost 3.76% on YTD basis. Rio Tinto PLC's stock is trading below its 50-day moving average. The stock's 50-day moving average of $54.68 is above its 200-day moving average of $52.21. Moreover, the company's shares have an RSI of 51.36. Sign up today to read free research on RIO at:
BHP Billiton Ltd's stock edged 0.11% lower on Thursday, closing the day at $70.21. The stock recorded a trading volume of 1.19 million shares, which was below its three months average volume of 1.92 million shares. The stock oscillated between $70.10 and $70.48 during the session. BHP Billiton Ltd's shares have gained 0.59% in the previous three trading sessions and 2.95% since the start of this year. However, the stock has declined 1.80% in the last one month. The company's shares are trading above their 50-day and 200-day moving averages of $68.49 and $67.35, respectively. Furthermore, the company's stock has an RSI of 53.28. Sign up today to read free research on BHP at:
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