GOLDCORP INC
(GG-NYSE):
Technical Viewpoint: From a low
of $19.67 on Dec 5, 2008 prices
rallied, reaching a
high of $32.16
on Dec 17, 2008. A
decline saw prices pull back, reaching a
low of
$27.30 on Dec 22, 2008.
Another rally saw prices penetrate
resistance, closing 12/26/08
at $30.41. 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 $27.50. Resistance: Is at $30.93.
Point & Figure: Reversed to the upside on Dec 8, 2008. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! GOLDCORP INC
(GG-NYSE) @ $30.88 Stop: Use a protective stop of $28.88.
GOLDCORP INC is currently trading @ $30.41 plus $1.68 on Dec 26, 2008. Price Objective:
$39.75. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1
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