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 3.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.04%, 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 4.48% in the last 1 week, and is up 5.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
BHP Billiton Limited (NYSE:BHP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.52 and $30.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.02, notching a gain of 2.61% for the day. The total traded volume was 4,539,157 . The stock had closed at $30.23 on the previous day.
The stock has recorded a 20-day Moving Average of 4.71% and the 50-Day Moving Average is 8.82%. BHP Billiton Limited is up 11.06% in the last 3-month period. Year-to-Date the stock performance stands at 21.88%.
BHP Billiton Limited (BHP) : 2 investment research analysts covering BHP Billiton Limited (BHP) have an average price target of $34.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $37 and the lowest target is $32 for the short term. Analysts expect the variance to be within $3.54 of the average price.
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.