The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Beadell Resources (BDR.AX)
Stock Exchange: ASX
Company: Beadell Resources
Ticker Codes: | BDR.AX | ASX:BDR |
Beadell Resources Limited operates as a gold producer in Brazil and Australia. Its primary property is the Tucano gold mine covering an area of approximately 2,500 square kilometers of gold exploration tenements located in the Amapß state, northern Brazil. The company is headquartered in West Perth, Australia.
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