Turquoise Hill beats profit estimates on higher copper, gold production (Adds profit comparison, metal prices, costs, capital
expenditure outlook) March 8 (Reuters) - Canada s Turquoise Hill Resources Ltd
posted a surprise rise in quarterly profit on Monday,
helped by increased production of copper and gold at its Oyu
Tolgoi mine in Mongolia. The results come a week after Chief Executive Officer Ulf
Quellmann resigned amid a protracted dispute between the company
and its top shareholder, Rio Tinto, over funding for the
underground expansion of the Oyu Tolgoi copper-gold mine. Oyu Tolgoi is one of the world s largest copper-gold-silver
mines. Rio owns 51% of Turquoise Hill, which in turn owns 66% of
The world of trading, so mythological and accessible only to the privileged few, has grown more and more reachable to anyone who has a device with access to the internet.
Stocks quotes in this article: KHC
When we last looked at shares of Kraft Heinz (KHC) back on Sept. 14 we wrote that, KHC has weakened since our last review. We have our sell stop recommendation at a close below $30 and that could be elected as the Point and Figure chart suggests a possible decline to the $28 area. Prices got close to $28 in late September and then started on a fresh uptrend.
Let s see what sort of strategy is needed now.
In the updated daily bar chart of KHC, below, we can see that the shares broke out over their August highs in February. KHC is trading above the rising 50-day simple moving average line and above the rising 200-day moving average line.