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, closing 3/14/08
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 upside
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
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