Fortescue Metals Group Limited (ASX: FMG) shareholders enjoyed a 5.45% gain on Wednesday, handily outperforming the broader S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) on the day.
Before investors get too excited however, they ought to consider just how volatile this stock has been over the last 12 months as a result of the waning iron ore price. As can be seen in the chart below, the stock is still 53% down over the last 12 months with many analysts forecasting further falls. This is still a stock to avoid…
Source: Google Finance
