The SMA 200 of Cardero Resource Corp. is CAD$0 +0.00%
SMA 200 is an average stock price from the last 200 days calculated as an unweighted mean of the previous 200 stock closing prices.
Simple moving average of 200 days for a stock is an unweighted moving average over the past 200 days. Moving averages will always exhibit a lag and the longer the period used for averaging the greater the lag will be. Because of the large amounts of data considered when calculating a long-term moving average, it takes a considerable amount of movement in the market to cause the moving average to change its course.
Using a moving average to confirm a trend in price is one of the most basic, yet effecting ways of using the indicator. Moving averages take into account what has already happened and a whole range of past events, which makes them such a good technical analysis tool for trend confirmations. Generally, a long-term moving average that is clearly on the upswing is a confirmation of a bullish trend. Conversely, a long-term moving average that is clearly on the downswing is a confirmation of a bearish trend.
Cardero Resource Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for silver and copper deposits. It holds an interest in the Silver Queen property located in Arizona through staking; and 100% interests in the Zonia copper project located in Arizona, the United States. The company was formerly known as Sun Devil Gold Corp. and changed its name to Cardero Resource Corp. in May 1999. Cardero Resource Corp. is headquartered in Vancouver, Canada.