Analyst Actions: Inmet Up 4% on Macquarie Upgrade
Inmet Mining Corp. (IMN.TO) is up $2.75 or 4% at $71.50 amid reports of an upgrade by Macquarie from Market Perform to Outperform.
According to the Financial Post, the stock has a mixed technical profile. It said Intermediate trend is down. However, it added, the stock has managed to move above its 50 and 200 day moving averages during the past two weeks. Strength relative to the TSX Composite Index has been neutral during the past two months. Support is at $58.95, resistance is at $73.86, it said.
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