BHP Billiton Limited (BHP) : Traders are bullish on BHP Billiton Limited (BHP) as it has outperformed the S&P 500 by a wide margin of 8.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.13%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.47% in the last 1 week, and is up 8.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3% and the fifty day Moving Average is 7.98%. BHP Billiton Limited is up 16.69% in the last three month period. Year-to-Date the stock performance stands at 26.09%.
BHP Billiton Limited (BHP) : The highest level BHP Billiton Limited (BHP) is projected to reach is $40 for the short term and the lowest estimate is at $32. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $35.98 and the possibility the share price can swing is $5.63.
BHP Billiton Limited (NYSE:BHP): On Fridays trading session , Opening price of the stock was $32.67 with an intraday high of $33.62. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.97. However, the stock managed to close at $32.09, a loss of 0.80% for the day. On the previous day, the stock had closed at $32.35. The total traded volume of the day was 6,501,825 shares.
BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas. The Company operates through segments: Petroleum and Potash, Copper, Iron Ore and Coal. The Companys Petroleum and Potash segment is engaged in exploration, development and production of oil and gas and potash pre-development. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal.