Start of this selling cycle was just prior to the ex-dividend date which resulted in a sizable drop in price.
Then RIO came under more selling pressure re headline news and Afghanistan.
Looks like it might have some support around $68 but also note that's it's currently resting on the lower limit of the YTD linear regression band.
Worth adding to your watch list, probably a better investment than a trading stock.
Then RIO came under more selling pressure re headline news and Afghanistan.
Looks like it might have some support around $68 but also note that's it's currently resting on the lower limit of the YTD linear regression band.
Worth adding to your watch list, probably a better investment than a trading stock.