Harry Aloof
03-18-2008, 11:21 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)
GOLDGCORP INC (GG-NYSE): Technical Viewpoint: From a low of $34.52 on Feb 5, 2008 prices rallied, reaching a high of $44.87 on Feb 28, 2008. A decline saw prices pull back, reaching a low of $40.55 on Mar 10, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $45.59. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Mar 13, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $41.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 13, 2008. A P&F downside reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! GOLDGCORP INC (GG-NYSE) @ $45.88 Stop: Use a protective stop of $43.88. GOLDGCORP INC is currently trading @ $45.59 plus $0.74 on Mar 14, 2008.
Price Objective: $56.00
Risk/Reward: $2.00 VS. $10.12
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2262-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)
GOLDGCORP INC (GG-NYSE): Technical Viewpoint: From a low of $34.52 on Feb 5, 2008 prices rallied, reaching a high of $44.87 on Feb 28, 2008. A decline saw prices pull back, reaching a low of $40.55 on Mar 10, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $45.59. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Mar 13, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $41.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 13, 2008. A P&F downside reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! GOLDGCORP INC (GG-NYSE) @ $45.88 Stop: Use a protective stop of $43.88. GOLDGCORP INC is currently trading @ $45.59 plus $0.74 on Mar 14, 2008.
Price Objective: $56.00
Risk/Reward: $2.00 VS. $10.12
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2262-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)