Large Inflow of Money Detected in Tahoe Resources

Tahoe Resources (TAHO) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $0.9 million worth of transactions were on upticks, whereas, the downticks accounted for $0.16 million worth of transactions. The net money flow was a positive $0.75 million and the uptick to downtick ratio was 5.72. The net money flow into the stock was $0.66 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.66 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Tahoe Resources (TAHO) was trading at $13.77, down $0.15 during day. The stock slid -1.08% over the previous days close. For the week, the stock recorded 0.73% over the previous weeks close.


Tahoe Resources Inc. has lost 6.93% in the last five trading days and dropped 15.35% in the last 4 weeks. Tahoe Resources Inc. is up 11.49% in the last 3-month period. Year-to-Date the stock performance stands at 53.29%.

Tahoe Resources (NYSE:TAHO): The stock opened at $13.89 on Tuesday but the bulls could not build on the opening and the stock topped out at $13.89 for the day. The stock traded down to $13.18 during the day, due to lack of any buying support eventually closed down at $13.29 with a loss of -4.53% for the day. The stock had closed at $13.92 on the previous day. The total traded volume was 2,165,713 shares.

Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The Companys principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver, gold, lead and zinc, with an associated epithermal suite of elements, within quartz and quartz-carbonate veins. It is also engaged in the acquisition, exploration, development and operation of mineral properties in the Americas for the mining of precious metals. The Company produces metal-bearing concentrates. Silver, gold, lead and zinc are recovered by differential flotation, producing silver-rich lead concentrates and zinc concentrates, which are sold to third-party smelters under concentrate sales arrangements.

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