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North American Palladium (PAL) Continues to See Pressure Below $2/Share; Volatility Elevated

July 13, 2012 1:26 PM EDT Send to a Friend
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North American Palladium Ltd. (AMEX: PAL) shares are volatile again Friday following a downgrade at Credit Suisse on Wednesday.

Shares have really been pressured below the $2 support level.

Volatility is up 22 percent on the session from Thursday's close and at 170 percent of its historical average.

North American Palladium is off 7.8 percent on the session.

The move is curious given that palladium September contracts are up $10.85 per ounce.




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Comments

Price
Paul Michael Calaizzo on 2012-07-16 10:07:45
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I agree with my cousin.

Shorts
Michael Calaizzo on 2012-07-16 10:06:49
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They are driving stcok down.


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