https://www.macquarie.com.au/edge/article/SECTOR/15/84668224fe3df...

https://www.macquarie.com.au/edge/article/SECTOR/15/84668224fe3df210VgnVCM100000c502890aRCRD/

Exco Resources [S&P/ASX 200 Materials] rises 4.1% on high volatility and expanding price range May 09, 2011 16:00:00 AEST
(News Bites - Stock Report) 12:22 PM

May 9, 2011 Monday

STOCK REPORT

Exco Resources (EXS.AU) traded between an intraday low of 60.50c and a high of 64.0c. The price range has expanded in the last two days (from 3.0c two days ago to 4.0c today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 4.8% places the stock in the 2nd quartile in the market meaning it is moderately volatile. Since the start of trading its volatility (highest price minus lowest price/lowest price) of 5.8% was 5.0 times the average daily volatility of 1.2%, up from 2.5% on Friday and 5.0% on Thursday. A price rise on high volatility is a bullish signal. The stock price gained 2.50c (or 4.1%) to close at 63.50c. Compared with the All Ordinaries index, which rose 15.6 points (or 0.3%) on the day, this was a relative price change of 3.8%.