SILVER WHEATON CORP
(SLW-NYSE):
Technical Viewpoint: From a low
of $17.88 on Jul 28, 2010 prices
rallied, reaching a
high of $28.39
on Oct 14, 2010. A
decline saw prices pull back, reaching a
low of
$25.35 on Oct 21, 2010.
Another rally saw prices penetrate
resistance, closing 10/29/10
at $28.75. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Oct 25, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $27.65. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 25, 2010. A P&F upside
reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! SILVER WHEATON CORP
(SLW-NYSE) @ $29.13 Stop: Use a protective stop of $27.13.
SILVER WHEATON CORP is currently trading @ $28.75 plus $1.20 on Oct 29, 2010. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $10.37. Today's Risk Reward Ratio: 5:1
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