No Sunshine In RIO Today
Rio Tinto plc (NYSE:RIO) is one of the world's leading mining companies. The company is involved in the mining and production of aluminum products, copper, gold, silver, diamonds, salt, titanium iron, metal powders, zircon, coking coal, uranium, iron ore and more. Today, the stock is trading lower by $1.27 to $50.62 a share. Short term day traders can watch for intra-day support around the $49.52 level. This is an area where day traders can look for a bounce in the equity. Should that support level fail to hold as support the next intra-day support area would be around the $48.52 level which is the hourly 200 period moving average.