These stocks are within range of triggering breakout trades. Here's how to trade them from here.
These under-$10 stocks are within range of triggering breakout trades.
TheStreet highlights 3 stocks that pushed the Metals & Mining industry
In trading on Thursday, shares of Golden Minerals Co entered into oversold territory, changing hands as low as $0.9103 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
In trading on Tuesday, shares of Golden Minerals Co entered into oversold territory, changing hands as low as $1.055 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
Investors in Golden Minerals Co saw new options become available this week, for the April 2014 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 234 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Chris Lau, Kapitall:Â The plunge in silver (SLV) continued last week, pushing the metal price to lows not seen in 3 [...]
In trading on Friday, shares of Golden Minerals Co entered into oversold territory, changing hands as low as $1.88 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
These under-$10 stocks look poised to trade higher from current levels.
Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility.
Looking for stocks with bullish sentiment from both insiders and hedge funds? If so, you will likely find this list [...]
Looking for popular stocks with big potential upside? We find that stocks receiving bullish attention from company insiders and hedge [...]
And it's been all buyers so far.
It isn't bad action overall, but it demonstrates why it's a mistake to fight momentum.
Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
These stocks look ready to break out and trade higher from current levels.
Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
I believe we'll see a higher level of defensiveness, and that will benefit precious metals.
Precious metals are down slightly, but the technical action looks promising.
Vaalco Energy is my stock of the week.
I'm not seeing any real weakness yet to justify a short.
It's probably premature to say a major rotation is happening, but the action feels like safe-haven buying.
