BHP Group inches higher, resistance at 12-day EMA

January 18, 2019 16:00 AEST

BHP Group Limited (ASX:BHP), Australia's largest Materials company by market cap, has increased 0.7% but fell short of the 12-day Exponential Moving Average [EMA] of $A33.21. Compared with the All Ordinaries Index which rose 31.4 points (0.5%) in the day, the relative price increase was 0.2%. The rise has been propped up by firm volume of 1.2 times the average daily volume of 7.7 million shares. BHP Group's stock last traded at $A33.11. Its MCap is $A176.3 billion.