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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Ceedee who wrote (10684)12/28/2002 6:31:05 PM
From: Al Collard  Read Replies (1) of 11802
 
Hi Ceedee,

Your in with RUP-v @$ .31 for 32,258 shares.

Chart for Rupert Resources Ltd:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of RUP we can see the stock broke out last week on above average volume. On Friday the white candlestick shows the bulls were in control but the buying pressure was not overly strong as it closed well under it's high of the day. It looks like the stock is overbought and either needs a period of consolidation or a test of support. (Hold)

Good luck with this pick,
Al
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