Bullish Stocks Trading Above 20Days Moving Average (20SMA): $AXU $BLL $TCOM – Wire Real Estate

Bullish Stocks Trading Above 20Days Moving Average (20SMA): $AXU $BLL $TCOM




Sep 2, 2020

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Alexco Resource Rallies on a Spike in Silver Prices

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Alexco Resource Corp. (NYSE:AXU) is up by more than 200% from its March lows, a rally that has come on Silver prices rallying amid a spike in demand for precious metals. The stock is currently trading 7% above its 20-day simple moving average affirming bullishness amid strengthened investor confidence about its long-term prospects.

With Silver prices at seven-year highs, Alexco Resource is one of the company's well-positioned to benefit as it moves to finalize the development of its flagship mines at Keno Hill. The company is eyeing concentrate production in the fourth quarter. The company is coming from a second-quarter whereby net-loss surged to $12.2 million from $1.5 million a year earlier. However, cash and cash equivalent surged to $17.8 million from $6.8 million a year earlier.

Ball Corporation Strengthens Aerosol Empire with Tubex Industrial Acquisition

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Ball Corporation (NYSE:BLL) impressive run after bottoming out one-year lows continues to gather steam amid improving underlying fundamentals. The stock is up by more than 10% for the year and currently trading 7.22% above its 20-day simple moving average.

The immediate catalyst fuelling investor sentiment in the stock is the confirmation that the company has completed the acquisition of Tubex Industria E-Comercio de Embalagens Ltd. With the acquisition, the company strengthens its footprint in the aerosol packaging business, expected to complement the current global aluminum aerosol and slug business.

Ball Corporation is poised to gain access to a manufacturing plant in Brazil that produces personal packaging for global and local customers.

Trip.com Group Eyes China Expansion with Air Asia Partnership

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Trip.com Group Ltd. (NASDAQ:TCOM) markets sentiments edged higher after the travel giant announced a strategic partnership with Air Asia. Under the terms of the deal, the two are to collaborate on product and service in their websites.

The two are to share content and cooperate in areas including transit information, membership benefits, and product marketing. Likewise, they are to partner on flights, hotels, and airport transfers pacts. The partnership is poised to strengthen Trip.com prospects as it continues to pursue opportunities for growth in China.

The stock has been on an impressive run with the opening of the global economies in the aftermath of the COVID-19 pandemic. A 10% plus bounce back from all-time lows has seen the stock rally and find support 7% above the 20-day simple moving average.

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