Geodynamics (GDY): Loser

Submitted by Marco on 2 July, 2006 - 22:37

Geodynamics (GDY) Stock Price Chart

The loser for this week is Geodynamics (GDY), an alternative energy company, which fell to a three-year low after a major setback to its drilling program closing the week at 73 cents. Notice the crossover in EMA's leading to a prolonged down trend for the stock since April when it roke out from trading sideways.

Geodynamics Limited is listed on the Australian Stock Exchange (ASX) under stock code GDY. You can view their investor website here. The company is involved in the development of renewable geothermal energy from Hot Dry Rocks. Check your charts!