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SEABRIDGE GOLD INC
(SA-Amex):
Technical Viewpoint: From a low
of $19.36 on Oct 28, 2009 prices
rallied, reaching a
high of $29.00
on Dec 2, 2009. A
decline saw prices pull back, reaching a
low of
$22.05 on Dec 18, 2009.
Another rally saw prices penetrate
resistance, closing 1/22/10
at $29.43. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 6, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.05. Resistance: Is at $29.71.
Point & Figure: Reversed to the upside on Dec 24, 2009. A P&F upside
reversal takes place at $27.50. Summary: Technical indicators have turned bullish. BUY! SEABRIDGE GOLD INC
(SA-Amex) @ $29.63 Stop: Use a protective stop of $27.63.
SEABRIDGE GOLD INC is currently trading @ $29.43 plus $2.52 on Jan 23, 2010. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.50
Risk/Reward:
$2.00 VS. $9.87
Risk/Reward Ratio:
5:1
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