Fortescue Metals: Winner of Week 16 2006
Further Reading
Fortescue Metals (FMG) is Winner of Week 16 2006 in the Australian Stock Market rising 20% on the back of no news to $7.35. fortescue's principal activity is the development of the East Pilbara Iron Ore Project. ASX Fact Sheet for FMG. Just looking at the chart, it is trading in a trading channel for the past month, in fact if you zoom out you can see the full extent of the stock price movement. If you were a short term trader you could have esily read the candle stock signs... Check your charts...
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