Rio Tinto plc
(NYSE:RIO) is one of the world's leading mining companies. The company is involved in the mining and production of aluminum products, copper
, diamonds, salt, titanium iron, metal powders, zircon, coking coal, uranium, iron ore and more. Today, the stock is trading lower by $1.27 to $50.62 a share. Short term day traders can watch for intra-day support around the $49.52 level. This is an area where day traders can look for a bounce in the equity. Should that support level
fail to hold as support the next intra-day support area
would be around the $48.52 level which is the hourly 200 period moving average.