This Day On The Street
Continue to site
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

Silver Wheaton

Last up is silver miner Silver Wheaton (SLW - Get Report). SLW has seen some pretty prodigious price swings over the course of 2012, rallying at the start of the year only to peak in late February and slide 32% over the next three months. But shares have rallied equally hard from June's bottom in the broad market, making their way back up to finally test their tough resistance level at $40.

In broad terms, SLW is making a very long-term rounding bottom pattern, but I think that the pattern itself is less important than the price level that's getting tested right now. Simply put, earlier this year, $40 was a price level above which sellers were far more eager to sell and take gains than buyers were to buy. If SLW can push through $40, it means that all of the weak handed sellers are out, and buyers have control back. That's when you want to be a buyer.

This is another stock that's looking good on a momentum front -- and that's especially important here given the long-term nature of this setup. Despite the run that shares have had in the last couple of months, SLW's RSI line hasn't been broken. That means that prices are still moving higher at an increasing rate.

If you decide to take this trade, make sure you keep a tight protective stop.

To see this week's trades in action, check out the Technical Setups for the Week portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


Follow Stockpickr on Twitter and become a fan on Facebook.
At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia, and has been featured in Investor's Business Daily, in Consumer's Digest and on
6 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AU $6.27 0.00%
LODE $0.44 0.00%
PKX $36.54 0.00%
SLW $12.59 0.00%
VALE $3.57 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs