This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Metals Stocks to Trade for Gains This Fall

AngloGold Ashanti

Going bigger -- much bigger -- takes us to AngloGold Ashanti (AU - Get Report). Unlike PKX and LODE, AngloGold had been forming the bearish counterpart to the ascending triangle: the predictably named descending triangle. But the pattern never completed. Instead, QE3 pushed AU to break out of the downtrending resistance level that had been forcing shares closer and closer to $31 support.

That aborted bearish setup is as good as a bullish setup as far as I'm concerned.

The buy signal came earlier this month when shares broke out, but it's still a buyable trade at this point. Momentum, measured by the 14-day moving average, has been trending higher since late April, when shares were still falling. The fact that the RSI line remains in an uptrend points to higher prices yet to come -- momentum, after all, is a leading indicator of price.

More gunshy traders can wait for the 200-day moving average to get broken for a second trigger signal.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AU $8.81 0.00%
LODE $0.65 0.00%
PKX $50.83 0.00%
SLW $17.34 0.00%
VALE $5.85 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs