Northern Dynasty Minerals
Northern Dynasty Minerals (NAK) is engaged in the exploration of mineral properties. The company holds 650 square miles of mineral claims in southwest Alaska. This stock is trading up 5.8% to $2.64 in recent trading.
Today's Range: $2.55-$2.7152-Week Range: $2.20-$10.68 Volume: 252,000 Three-Month Average Volume: 256,181 From a technical perspective, NAK is surging higher here with decent volume, and its powering above its 50-day moving average of $2.49. This move has also pushed NAK into breakout territory, since it's cleared some near-term overhead resistance levels at $2.50 to $2.65. Traders should now look for long-biased trades in NAK once it triggers its next major breakout. That trade will hit once NAK clears some past overhead resistance levels at $2.72 to $2.94 with high volume. Look for volume off that move that registers near or above 256,181 shares. At last check, NAK has hit an intraday high of $2.72 and volume is close to surpassing its three-month average action of 256,181 shares. If that breakout triggers soon, then NAK will have a great chance of making a monster move back towards its next significant overhead resistance level near $4. Traders should use NAK's 50-day moving average of $2.49 and $2.26 as near-term support levels.
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