I SHARES SILVER TRUST
(SLV-NYSE):
Technical Viewpoint: From a low
of $36.04 on Aug 9, 2011 prices
rallied, reaching a
high of $42.78
on Aug 22, 2011. A
decline saw prices pull back, reaching a
low of
$38.05 on Aug 24, 2011.
Another rally saw prices penetrate
resistance, closing 9/9/11
at $42.18. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 2, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $40.75. Resistance: Is at $42.78.
Point & Figure: Reversed to the upside on Sep 2, 2011. A P&F upside
reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! i Shares Silver Trust
(SLV-NYSE) @ $42.38 Stop: Use a protective stop of $40.38.
i Shares Silver Trust is currently trading @ $42.18 plus $1.66 on Sep 2, 2011. Price Objective:
$58.00. Risk/Reward: $2.00 VS. $15.62. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.00
Risk/Reward:
$2.00 VS. $15.62
Risk/Reward Ratio:
8:1
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