Franco-Nevada Corporation

Franco-Nevada Corporation trend analysis

Franco-Nevada Corporation $FNV (FNV) last week began to outperform the S&P 500 Index (SPX), on a relative strength basis. The stock is trading in excess of the S&P 500 on both the 50 day and 200 day moving average. The stock chart below shows the relationship to the S&P on the 200 day average. Of the approximately 50 US listed precious metals stocks that we monitor, there are two stocks outperforming the S&P, Corvus Gold (KOR) and Franco, on the 200 day relative strength. Comments welcome.

Franco Nevada (FNV)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: