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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (44662)7/12/2007 2:08:46 PM
From: John Vosilla   of 78416
 
'Another interesting name in the gold-mining group is Eldorado Gold (EGO - Cramer's Take - Stockpickr - Rating). Eldorado Gold is a mid-cap company with mines in Brazil, Turkey and China. The stock has recently broken out to the upside of a bullish consolidation pattern in the daily chart, and confirmed with volume.

The stock has a bullish uptrend in place in the daily and weekly charts. EGO is showing good support at the $6 level, and we would view any pullback toward that level as an opportunity to get long. The combination of daily and weekly support between $5.50 and $6 is presenting a solid risk/reward proposition for traders in the stock.'

thestreet.com

Great timing by Cramer. Is EGO a buy in the low $4's when this shakeout ends?
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