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  • Base Metal Stocks Rally On Chinese Stimulus 0 comments
    May 29, 2012 10:27 AM | about stocks: BHP, RIO, CLF, SCCO

    The base metal stocks are rallying higher on the expectation of a Chinese Stimulus plan. Many of the base metal stocks including BHP Billiton Limited (ADR) (NYSE:BHP), Rio Tinto plc. (ADR) (NYSE:RIO), Cliffs Natural Resources Inc. (NYSE:CLF), and Southern Copper Corp (NYSE:SCCO) could see a potential rally over the next few days. BHP is trading higher by $2.31 to $64.12 a share; look for intra-day resistance around the $64.25, and the $65.05 levels.

    Nicholas Santiago

    (click to enlarge)

    Stocks: BHP, RIO, CLF, SCCO
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