Trade Idea - AEM
Sunday, September 09, 2007
Chart courtesy of stockcharts

AGNICO EAGLE MINES shares have broken over this week an important resistance of $46, followed by a strong volume in bad week for overall stocks. AEM stock is now in a breakout mode without resistances above. Thechnically chart looks Bullish, with both 50 dma 200 dma going up and MACD on top of 0. In addiction with K line back above D line we should see the stock continue to go up. It's possible a pull back to the breakout are, however it will be only a small profit taking, juts my opinion.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
 
posted by Pro Investor Trader at 3:06 PM | Permalink


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