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Gold/Mining/Energy : Stillwater Mining (PGMS) - pure platinum/palladium play

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To: Pullin-GS who wrote (155)6/11/1997 10:14:00 PM
From: Pullin-GS   of 182
 
Bollinger bands at 25.60, 19.75, and 22.67. Close price shows us just above mid point. I expect we will bounce off very soon and work our way back up to 25.6 in the very short term. If support can't hold at 22.5, then a downside slide to 19.75 is possible short term.

MACD Histogram gives a bearish reat. It is trending downward at 0 (.015). Past performance of SWC durring last 6 months has been a continued downward price trend when this indicator crosses 0.

We had a bullish divergence yesterday on the Utimate Oscillator, but we failed to follow through today with a price move upward. This signal is now neutral IMO.

Given the activity in platinum today, I would hope we would have seen some upward price movment. Hopfully we can at least maintain a support above the previous trading pattern's resistance of 23.5 in the next few days.

PRB
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