BHP Billiton

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BHP Billiton


BHP share price has dropped rapidly losing 16% in September. After testing new lows for this year the price jumped 18% and is now trading above the 50-day moving average. We remain bullish on the stock with a price target at 2200p. Unfortunately, the recent rally has not been supported by strong volume which can lead to a potential pull back in the future. Trading above over 1900p is a positive sign.

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