Stock Trends focuses on stocks that are changing trend from bearish to bullish, as defined by the relationship between the 13-week and 40-week moving average of price. Expanding price momentum and volume alerts us to particular stocks every week. Often these Stock Trends Picks of the Week generate timely signals for trade entry.
Investors in gold stocks will have taken to the signals for big cap golds in the latter half of last year. Barrick Gold (TSX:ABX) was a Stock Trends Pick of the Week in late August at $34.71. It closed Friday at $52.26 (a 51% gain). Also a pick in late August was Agnico Eagle Mines (TSX:AEM), now trading 39% higher. The end of October brought out other golds in the Picks of the Week report: Kinross Gold (TSX:K), now up 33%; Goldcorp (TSX:G), advanced 20%, and the iShares S&P/TSX Global Gold Fund (TSX:XGD), now a 17% gain. The most recent big cap gold stock in the TSX Picks of the Week Report, Yamana Gold (TSX:YRI) showed up in the January 4th report. It advanced 14% last week.
1 comment:
Junior gold stocks are very risky The more cautious the better when investing in these stocks.
Post a Comment