Novagold Resources (NG) is engaged in the exploration and development of mineral properties in Alaska and British Columbia. This stock closed up 4.3% to $4.07 on Tuesday.
Tuesday's Range: $3.91-$4.14
52-Week Range: $3.61-$7.73Volume: 2.37 million Three-Month Average Volume: 1.77 million From a technical perspective, NG ripped higher here right off above some near-term support at $3.85 with above-average volume. This stock has been downtrending for the last two months and change, with shares sliding lower from its high of $5.03 to its recent low of $3.85. During that move, shares of NG have been mostly making lower highs and lower lows, which is bearish technical price action. That said, NG has now started to rebound off that $3.85 low, and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if NG manages to take out some near-term overhead resistance levels at $4.20 to its 50-day moving average at $4.39 with high volume. Traders should now look for long-biased trades in NG as long as it's trending above $3.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.77 million shares. If that breakout triggers soon, then NG will set up to re-test or possibly take out its next major overhead resistance levels at $4.62 to its 200-day moving average at $4.88. Pretium Resources Pretium Resources (PVG) is engaged in the acquisition and exploration of precious metals projects and gold resources. This stock closed up 4.6% to $7.85 on Tuesday. Tuesday's Range: $7.58-$7.92 52-Week Range: $6.91-$17.57 Volume: 419,000 Three-Month Average Volume: 199,092 From a technical perspective, PVG bounced higher here right above some near-term support at $7.36 with above-average volume. This stock has been downtrending badly for the last three months and change, with shares plunging from its high of $14.46 to its 52-week low of $6.91. During that move, shares of PVG have been consistently making lower highs and lower lows, which is bearish technical price action. That said, the stock has now started to bounce strongly off that $6.91 low and it's quickly moving within range of triggering a major breakout trade. That trade will hit if PVG manages to clear some near-term overhead resistance levels at $8.30 to $8.69 with high volume.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV