Bank of Ireland Up 2.4%, Shares Break Through Resistance (IRE)
Written on Mon, 12/20/2010 - 10:08am
By Sarah Hashim-Waris
Bank of Ireland (NYSE:IRE) is one of today's best performing low-priced stocks, up 2.4% to $2.61 on 0.1x average daily volume. Approximately 2 million shares have traded hands today vs. 30-day average volume of 24.1 million shares.
High volume often signals a change in trends. Shares of Bank of Ireland should find initial resistance at their 50-day moving average (MA) of $2.70 and further resistance at their 200-day MA of $4.78.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Bank of Ireland is in SmarTrend's Foreign Regional Banks industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Uptrend and price prediction.
SmarTrend currently has shares of Bank of Ireland in an Uptrend and issued the Uptrend alert on December 06, 2010 at $2.06. The stock has risen 24.1% since the Uptrend alert was issued. |
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