Shares of Teck Resources Ltd (TCK) Sees Large Inflow of Net Money Flow

Teck Resources Ltd (TCK) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $1.15 million worth of transactions were on upticks, whereas, the downticks accounted for $0.14 million worth of transactions. The net money flow was a positive $1.01 million and the uptick to downtick ratio was 8.22. The net money flow into the stock was $1 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Teck Resources Ltd (TCK) was trading at $14.18, down $0.19 during day. The stock slid -1.32% over the previous days close. For the week, the stock recorded 4.65% over the previous weeks close.


Teck Resources Limited is up 49.99% in the last 3-month period. Year-to-Date the stock performance stands at 273.82%. Shares of Teck Resources Limited rose by 3.9% in the last five trading days and 25.26% for the last 4 weeks.

Teck Resources Ltd (NYSE:TCK): stock turned positive on Monday. Though the stock opened at $14.16, the bulls momentum made the stock top out at $14.38 level for the day. The stock recorded a low of $13.935 and closed the trading day at $14.38, in the green by 0.07%. The total traded volume for the day was 4,007,424. The stock had closed at $14.37 in the previous days trading.

Teck Resources Ltd. is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru, Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper. The Company produces mined zinc, primarily from its Red Dog mine in Alaska, the Antamina mine in northern Peru, and its Pend Oreille mine in Washington State. Its energy assets in the Athabasca oil sands region of northeastern Alberta include its interests in the Fort Hills oil sands project, Frontier oil sands project in various other oil sands leases in the exploration phase, including the Lease 421 Area.

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