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* Today's Sector Analysis: "Metals & Mining  " Institutional Technical Viewpoint
Buy Alert!
RandGold Resources Ltd
(GOLD):
$38.25 Stop. $36.25 P-Stop $49.75 P-Objective
Dow Jones Ind: 8829.04 plus 102.43 Nov 28, 2008
Volume Two No. 2302
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AGNICO-EAGLE MINES LTD
(AEM-NYSE):
Technical Viewpoint: From a low
of $20.87 on Oct 24, 2008 prices
rallied, reaching a
high of $35.88
on Nov 5, 2008. A
decline saw prices pull back, reaching a
low of
$24.90 on Nov 20, 2008.
Another rally saw prices penetrate
resistance, closing 11/28/08
at $37.66. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 3, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.00. Resistance: Is at $37.98.
Point & Figure: Reversed to the upside on Nov 21, 2008. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! AGNICO-EAGLE MINES LTD
(AEM-NYSE) @ $37.88 Stop: Use a protective stop of $35.88.
AGNICO-EAGLE MINES LTD is currently trading @ $37.66 plus $1.96 on Nov 28, 2008. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $11.62. Today's Risk Reward Ratio: 6:1
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Click here to view full size chart
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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