RANDGOLD RESOURCES LTD
(GOLD-Nasdaq):
Technical Viewpoint: From a low
of $77.39 on Apr 22, 2010 prices
rallied, reaching a
high of $91.75
on May 12, 2010. A
decline saw prices pull back, reaching a
low of
$88.23 on May 13, 2010.
Another rally saw prices penetrate
resistance, closing 5/14/10
at $89.82. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 11, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $86.75. Resistance: Is at $91.11.
Point & Figure: Reversed to the upside on May 6, 2010. A P&F upside
reversal takes place at $88.00. Summary: Technical indicators have turned bullish. BUY! RANDGOLD RESOURCES LTD
(GOLD-Nasdaq) @ $90.25 Stop: Use a protective stop of $87.50.
RANDGOLD RESOURCES LTD is currently trading @ $89.82 plus $0.95 on May 14, 2010. Price Objective:
$107.50. Risk/Reward: $2.75 VS. $17.25. Today's Risk Reward Ratio: 6:1
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