Thursday, February 01, 2007

Platinum Group shines

The shares of Platinum Group Metals Ltd. (TSX:PTM) advanced 18% today, closing at $2.84. This is a welcome move for holders of PTM as the breakout of early Q4 2006 seemed more promising than it delivered since. Until this week the $2.50 mark was setting up as a stubborn resistance level - the prospect of a trading range ever more looming. This week's trading has opened up new ground, and given new legs for this trade. PTM was a Bullish Crossover and a Stock Trends TSX Portfolio BUY on November 23 at $2.37. Trading was active among small retail investors this week, with almost 1,000 transactions. However, trading volume was relatively thin (about half the previous week's volume) considering the big price move. Look for bigger stakes to add to the PTM move.

Stock Trends Report on PTM:
http://www.stocktrends.ca/?page=streport&symbol=PTM-T
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