Welcome To The Midway Gold HUB On AGORACOM

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Message: Share price

In the past two weeks MDW has traded above resistance at $1.00 and has hit $1.36 while closing out this past week at $1.20. The move was accomplished by over 20 million shares traded from the US and Canadian combined markets. The impressive percentage move took place in an environment lacking positive company news. In addition, gold has been trending lower over this time period. So, what's up?

I guess time will tell.

From a chart standpoint, The 1000 day moving average at the $1.36 to $1.40 area has definitely put the brakes on the shares for the time being. On the downside, there is expected support just below $1.08 and down to $1.00.

A big question remains, who has been doing all this unexpected buying?

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