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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: MrsNose who wrote (1629)4/6/2001 10:20:28 PM
From: Al Collard  Respond to of 11802
 
Hi Margie,

Your in with MAE-t @$1.30 for 7,692 shares.

Chart for Miramar Mining Corp.(MAE-t):

stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3]

From the chart we can see MAE gapped up over all it's MA's on Wednesday on above average volume. The ADX and MACD are positive but the Slow Stochastics does appear a little overbought. At some point one would think the stock will retrace down to the $1.20 level to fill the gap. The stock made a new 52 week high last Thursday and if it can sustain the current volume levels the stock could go a long way since it has no resistance above.

Good luck with this pick next week,
Al