Daily Pick—IAG
IAMGold Corporation operates as a metals mining and exploration company. It engages in the exploration for, and the development and production of precious mineral resource properties in Canada, South America, and west Africa. The company has an indirect 38% interest in Sadiola Gold Mine in the Republic of Mali, West Africa; an indirect 50% interest in Yatela Gold Mine in the Republic of Mali, West Africa; an indirect 18.9% interest in Tarkwa Gold Mine in Ghana; and an indirect 18.9% interest in Damang Gold Mine in Ghana.
Upside trade
TRADE QUALITY 85%, V. Good
Good trade quality is a combination of good profit, profit/loss ratio and target potential.
TARGET 1 Price: 8.23 Profit: 10.6% , for a typical rally.
Stop Limit/Trailing Stop Limit: 7.29 Loss: 2%
Profit/Loss Ratio: 5.3 : 1 - Excellent
TARGET 1 POTENTIAL Good, there are 2 resistance areas on the way to Target 1.
Stocks may quickly rise to Targets when there are not many resistance areas blocking the way.
TARGET 1 RESISTANCE +2.2% at 7.6 ± 0.12, type single, strength 8
+5.9% at 7.88 ± 0.13, type single, strength 8
+10.6% at 8.23 is Target 1
TARGET 2 Price: 8.4 Profit: 12.9% , Profit/Loss Ratio: 6.5 : 1 - Excellent for an extreme rally.
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March 21st, 2007 at 4:35 pm
I’d recommend setting one of these trailing stops.
Low risk
$6.73
-9.59%
Mid risk
$6.30
-15.35%
High risk
$5.58
-24.95%
January 7th, 2009 at 7:02 am
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