Village Life (VLL): Winner

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

Village Life (VLL) Stock Price Chart

The winner of the week this week is Village Life (VLL), whose share price jumped 60 per cent after selling 23 retirement villages to investment group MFS. Note how the volume peeked above the 50 day EMA a week before the major jump last Thursday, which was also supported by a massive increase in volume. The last time the volume for the stock spiked above the 50 day EMA was the fall around May 10. The stock closed the week at 16 cents after traders took profits.

Village Life Limited is listed on the Australian Stock Exchange (ASX) under stock code VLL. You can view their investor website here. The company is involved in the management and development of retirement village accommodation. Check your charts!