GOLDCORP INC
(GG-NYSE):
Technical Viewpoint: From a low
of $29.50 on Oct 22, 2007 prices
rallied, reaching a
high of $38.11
on Nov 7, 2007. A
decline saw prices pull back, reaching a
low of
$30.55 on Nov 19, 2007.
Another rally saw prices penetrate
resistance, closing 11/23/07
at $34.66. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 19, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.00. Resistance: Is at $35.39.
Point & Figure: Reversed to the upside on Nov 23, 2007. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! GOLDCORP INC
(GG-NYSE) @ $34.75 Stop: Use a protective stop of $32.75.
GOLDCORP INC is currently trading @ $34.66 plus $1.80 on Nov 23, 2007. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $10.25. Today's Risk Reward Ratio: 5:1
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