Harry Aloof
10-16-2007, 01:38 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
SEABRIDGE GOLD INC (SA-NYSE): Technical Viewpoint: From a low of $28.64 on Sep 26, 2007 prices rallied, reaching a high of $31.28 on Sep 28, 2007. A decline saw prices pull back, reaching a low of $28.57 on Oct 2, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $35.09. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 11, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 4, 2007. A P&F downside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! SEABRIDGE GOLD INC (SA-NYSE) @ $35.50 Stop: Use a protective stop of $33.50. SEABRIDGE GOLD INC is currently trading @ $35.09 plus $2.45 on Oct 12, 2007.
Price Objective: $43.00
Risk/Reward: $2.00 VS. $7.50
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2199-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
SEABRIDGE GOLD INC (SA-NYSE): Technical Viewpoint: From a low of $28.64 on Sep 26, 2007 prices rallied, reaching a high of $31.28 on Sep 28, 2007. A decline saw prices pull back, reaching a low of $28.57 on Oct 2, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $35.09. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 11, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $31.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 4, 2007. A P&F downside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! SEABRIDGE GOLD INC (SA-NYSE) @ $35.50 Stop: Use a protective stop of $33.50. SEABRIDGE GOLD INC is currently trading @ $35.09 plus $2.45 on Oct 12, 2007.
Price Objective: $43.00
Risk/Reward: $2.00 VS. $7.50
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2199-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)