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.