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, closing 10/12/07
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 upside
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
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