Large Inflow of Money Detected in BHP Billiton Limited

BHP Billiton Limited (BHP) : $2.56 million worth of transactions were on upticks in BHP Billiton Limited (BHP), compared to $1.25 million on downticks. The ratio between the two was 2.06, whereas, the net money flow stood at a healthy $1.32 million on Thursdays session. The consistent buying on upticks in the stock accounted for $1.44million worth of trades. The total money flow into the stock stood at $1.44 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.02%. The stock was trading at $30.91, with a drop of $0.01 over the previous days close. The stock recorded 5.33% for the week.


The stock has recorded a 20-day Moving Average of 9.28% and the 50-Day Moving Average is 11.17%. Shares have dropped -26.31% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $41.01 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.82 and the 200 Day Moving Average price is recorded at $26.01.

BHP Billiton Limited (NYSE:BHP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.27 and $30.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.95, notching a gain of 0.13% for the day. The total traded volume was 2,429,696 . The stock had closed at $30.91 on the previous day.

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas. The Company operates through segments: Petroleum and Potash, Copper, Iron Ore and Coal. The Companys Petroleum and Potash segment is engaged in exploration, development and production of oil and gas and potash pre-development. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *