Wednesday, April 19, 2006

Corriente blasts past $7

Corriente Resources (TSX:CTQ) is a familiar stock to Stock Trends followers. It had its Bullish Crossover back in September 2005 and was a Stock Trends TSX Portfolio buy at $3.49. Although the CTQ holding was stopped-out at $4.92 in early March, the stock has remained bullish since. The last two weeks have been especially good as CTQ has rallied aggressively - the new listing on the AMEX has improved the company's visibility with U.S. investors. Today's 10 % gain pushes the stock into new rarefied territory. CTQ closed at $7.25.
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