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North American Palladium(PAL - Get Report) engages in the exploration, mining and production of precious metal properties in Canada. The company explores for palladium, platinum, gold, nickel, copper and other metals. This stock is trading up 4.3% to $1.89 in recent trading.
Today's Range: $1.81-$1.90
52-Week Range: $1.47-$3.61
Three-Month Average Volume: 1.3 million
>>5 Stocks Poised for Breakouts
From a technical perspective, PAL is bouncing solidly here right off its 50-day moving average of $1.80 with lighter volume. This move is coming after PAL recently pulled back from $2.28, and its marking another higher low if $1.80 holds.
Traders should now look for long-biased trades as long as PAL is trending above its 50-day at $1.80 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,349,100 shares as bullish. If PAL can hold that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance levels at $2.28 to $2.50.