This is a mineral exploration company engaged in the acquisition, exploration and development of gold and base-metal exploration properties both through company funded and partner-funded exploration. This stock is trading up 3.3% at $2.80 in recent trading.
Today's Range: $2.71-$2.81
52-week Range: $2.55-$4.82
Three-Month Average Volume: 993,147
From a technical perspective, RBY is moving modestly higher here on below-average volume. This move is coming off some previous support levels at around $2.60 to $2.65. Traders should now look for long-biased trades if RBY can manage to maintain its trend above $2.60 to $2.65, and then break back above its 50-day moving average of $2.95 with high volume.
Look for a sustained move or close above those levels with volume that's near or above 993,147 shares. If we get that action soon, look for RBY to tag its next major overhead resistance levels at $3.22 to $3.37, or possibly hit its 200-day moving average of $3.59.
On the flipside, I would avoid RBY if it fails to keep a trend above its 50-day with strong upside volume flows.