Metals and Mining Equities Technical Briefing -- Research on Turquoise Hill Resources, General Moly, Horsehead Holding, and Cliffs Natural Resources

LONDON, May 29, 2014 /PRNewswire/ --

The trading session on Wednesday, May 28, 2014 ended on a lower note as the Dow Jones Industrial Average finished at 16,633.18, down 0.25% and the NASDAQ Composite closed at 4,225.08, down 0.28%. The S&P 500 finished the day 0.11% lower at 1,909.78. During the trading session, five out of ten sectors finished on a negative note. The S&P 500 Materials Sector Index edged 0.04% higher to close the day at 305.91, and the index has gained 3.39% in the previous one month. Investor-Edge has initiated coverage on the following equities: Turquoise Hill Resources Ltd. (NYSE: TRQ), General Moly Inc. (NYSE MKT: GMO), Horsehead Holding Corp. (NASDAQ: ZINC) and Cliffs Natural Resources Inc. (NYSE: CLF). Free technical research on TRQ, GMO, ZINC and CLF can be downloaded upon signing up at:

http://www.investor-edge.com/3168-register

On Wednesday, shares in Turquoise Hill Resources Ltd fell by 2.36%, closing the day at $3.73. The stock recorded a trading volume of 3.38 million shares, which was below its three months average volume of 5.54 million shares. The stock oscillated between $3.69 and $3.85 during the session. Over the previous three trading sessions and in the last one month, Turquoise Hill Resources Ltd's shares have declined 3.37% and 1.58%, respectively. However, the stock has gained 13.03% from the beginning of 2014. The company's shares are trading above their 50-day and 200-day moving averages. Turquoise Hill Resources Ltd's 50-day moving average of $3.66 is above its 200-day moving average of $3.58. Further, the company's stock has a Relative Strength Index (RSI) of 51.33. Sign up today to read free research on TRQ at:

http://www.investor-edge.com/3168-TRQ-29May2014.pdf

General Moly Inc.'s stock recorded a trading volume of 0.44 million shares, at par its three months average volume. The stock ended the day at $1.01, which was 3.81% lower its previous day's closing of $1.05, and registered an intraday range of $0.99 and $1.05. Shares in General Moly Inc. have traded flat in the previous three trading sessions, while they have lost 5.61% in the last one month and 24.63% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $1.03 and $1.34, respectively. Moreover, shares of the company have an RSI of 51.25. Sign up today to read free research on GMO at:

http://www.investor-edge.com/3168-GMO-29May2014.pdf

On Wednesday, shares in Horsehead Holding Corp. fluctuated between $16.78 and $17.16 before ending the session 1.22% lower at $16.94. The company's stock reported a trading volume of 0.30 million shares, above its three months average volume of 0.29 million shares. Shares in Horsehead Holding Corp. have gained 8.87% in the last one month and 4.50% on YTD basis. However, the company's shares have edged lower by 0.47% in the previous three trading sessions. Horsehead Holding Corp.'s stock is trading above its 50-day and 200-day moving averages of $16.42 and $14.93, respectively. Additionally, the company's shares have an RSI of 61.49. Sign up today to read free research on ZINC at:

http://www.investor-edge.com/3168-ZINC-29May2014.pdf

Shares in Cliffs Natural Resources Inc. finished Wednesday's trading session 1.89% lower at $16.06. A total of 5.28 million shares were traded, near its three months average volume of 5.99 million shares. The stock moved between $15.62 and $16.48 during the session. Cliffs Natural Resources Inc.'s stock has fallen by 2.78% in the previous three trading sessions, 7.22% in the last one month and 38.73% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages of $18.53 and $21.79, respectively. Furthermore, Cliffs Natural Resources Inc.'s stock traded at a PE ratio of 4.84 and has an RSI of 35.45. Sign up today to read free research on CLF at:

http://www.investor-edge.com/3168-CLF-29May2014.pdf

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EDITOR'S NOTES:
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