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Noranda Income Fund three-year chart Add to ...

The three-year chart depicts units that retested support at $3.40 in June of 2012 giving rise to an advance that took the price to a 52-week high of $5.61 in November of 2013. The golden cross that surfaced in February of 2013, when the units were trading for $4.40, indicated that the move had legs. The uptrend line has not been breached and support along the 50- and 200-day moving averages has been in place since April of 2013. A concern worth mentioning is the resistance that has formed at $5.40 over the last four months.

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