Triangle price pattern; watch for a breakout.
Thursday, May 30, 2013
Neutral CTSH - Cognizant Technology Solutions Corp. May 30, 2013
Neutral CTSH - Cognizant Technology Solutions Corp. May 30, 2013
Triangle price pattern; watch for a breakout.
Triangle price pattern; watch for a breakout.
Neutral FLIR - FLIR Systems Inc. May 30, 2013
Neutral FLIR - FLIR Systems Inc. May 30, 2013
Trading between trend and Fibonacci line; watch for a breakout.
Trading between trend and Fibonacci line; watch for a breakout.
Neutral DML - Denison Mines Corp. May 30, 2013
Neutral DML - Denison Mines Corp. May 30, 2013
A penny stock worth watching. Watch Fibonacci and 200 day SMA line for further direction.
A penny stock worth watching. Watch Fibonacci and 200 day SMA line for further direction.
LONG INVN - Invensense Inc. May 30, 2013
LONG INVN - Invensense Inc. May 30, 2013
Watch potencial bullish rectangle Consolidation Pattern.
Watch potencial bullish rectangle Consolidation Pattern.
Is the Mining Sector About to Explode Higher?
Is it time to buy Gold miners?
The precious metals mining sector was slammed with Gold’s sharp drop in prices in April. Mining companies are more “pie in the sky” than owning actual bullion, so mining shares typically move much more sharply than Gold does.
What’s interesting is that the Gold smackdown occurred just a few weeks before the Fed leaked that it was considering tapering its QE program. We know for a fact that the Fed has a tendency to leak critical information to its cronies and connected insiders. Looking at how Gold moved just a few weeks before the word “taper” was picked up by the media, one wonders if the Fed hinted what was coming to the connected few before the rest of us.
Regardless of Fed shenanigans, the Gold smackdown hit mining companies the hardest. As a result of this, numerous mining companies were trading at only slight premiums to their cash levels. With no debt on their books you were essentially getting their Gold reserves and infrastructure for free (provided there wasn’t too much political risk).
All you needed was for mining companies to bottom out… which looks to be happening now.
The precious metals mining sector was slammed with Gold’s sharp drop in prices in April. Mining companies are more “pie in the sky” than owning actual bullion, so mining shares typically move much more sharply than Gold does.
What’s interesting is that the Gold smackdown occurred just a few weeks before the Fed leaked that it was considering tapering its QE program. We know for a fact that the Fed has a tendency to leak critical information to its cronies and connected insiders. Looking at how Gold moved just a few weeks before the word “taper” was picked up by the media, one wonders if the Fed hinted what was coming to the connected few before the rest of us.
Regardless of Fed shenanigans, the Gold smackdown hit mining companies the hardest. As a result of this, numerous mining companies were trading at only slight premiums to their cash levels. With no debt on their books you were essentially getting their Gold reserves and infrastructure for free (provided there wasn’t too much political risk).
All you needed was for mining companies to bottom out… which looks to be happening now.
Neutral ELNK - Earthlink Inc. 29 May 2013
Neutral ELNK - Earthlink Inc. 29 May 2013
Watch approaching strong resistance ($ 6.05); Watch for futher direction.
Watch approaching strong resistance ($ 6.05); Watch for futher direction.
Neutral FDO - Family Dollar Stores Inc. 29 May 2013
Neutral FDO - Family Dollar Stores Inc. 29 May 2013
Watch Bearish RSI divergence. To establish a short position wait for the price to break below 50 and 200 day SMA.
Watch Bearish RSI divergence. To establish a short position wait for the price to break below 50 and 200 day SMA.
Neutral CF - CF Industries Holdings Inc. 29 May 2013
NEUTRAL CF - CF Industries Holdings Inc. 29 May 2013
WATCH - Trading just below strong resistance; watch this level for futher direction.
WATCH - Trading just below strong resistance; watch this level for futher direction.
Wednesday, May 29, 2013
SHORT BMS - Bemis Company Inc. 29 May 2013
SHORT BMS - Bemis Company Inc. 29 May 2013
Bearish trendline break on high volume.
Bearish trendline break on high volume.
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