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AGNICO-EAGLE MINES LTD
(AEM-NYSE):
Technical Viewpoint: From a low
of $20.87 on Oct 24, 2008 prices
rallied, reaching a
high of $35.88
on Nov 5, 2008. A
decline saw prices pull back, reaching a
low of
$24.90 on Nov 20, 2008.
Another rally saw prices penetrate
resistance, closing 11/28/08
at $37.66. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 3, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.00. Resistance: Is at $37.98.
Point & Figure: Reversed to the upside on Nov 21, 2008. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! AGNICO-EAGLE MINES LTD
(AEM-NYSE) @ $37.88 Stop: Use a protective stop of $35.88.
AGNICO-EAGLE MINES LTD is currently trading @ $37.66 plus $1.96 on Nov 28, 2008. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $11.62. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.50
Risk/Reward:
$2.00 VS. $11.62
Risk/Reward Ratio:
6:1
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