This is a gold mining company engaged in gold production and in the acquisition, exploration, development and operation of gold mineral properties in Brazil. This stock is trading up 6.3% to $1.35 in recent trading.
Today's Range: $1.28-$1.39
52-week Range: $1.16-$8.18
Three-Month Average Volume: 2,418,310
From a technical perspective, JAG is ripping higher here on decent volume. This move is coming off oversold conditions, since JAG has a current relative strength index (RSI) reading of 32.11. Traders should now look for long-biased trades if JAG can manage to trigger a major breakout trade. That trade will hit once JAG takes out some near-term overhead resistance at $1.40 to $1.48 with high volume.
Look for a sustained move or close above those levels with volume that's near or above 2,418,310 shares. If we get that action soon, then JAG could easy spike back above $2 and possibly hit its 50-day moving average of $2.68.