Northern Dynasty Minerals

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Northern Dynasty Minerals ( NAK) is a mineral exploration company, which holds indirect interests in 627 square miles of mineral claims in southwest Alaska, the United States. It owns 50% interest in the Pebble copper-gold-molybdenum project located in Alaska. This stock has been hammered by the bears in 2011, with shares off by over 40%.

52-Week Range: $4.87-$21.76

Today's Volume: 114,600

Three-Month Average Volume: 535,212

Northern Dynasty Minerals has a market cap of $791 million and an enterprise value of $711.60 million. Its estimated growth rate for this year is 33.3% and for next year it's pegged at 70%. The current short interest as a percentage of the float for Northern Dynasty is very low at just 1%.

From a technical standpoint, traders should watch for a big breakout to trigger if this stock can manage to move above some past overhead resistance at $8.82 a share on strong volume. A high-volume move over that level should set this stock up to re-test its August highs of $10.50 to $11.07, or possibly much higher. Look for volume that's tracking in close to or above its three-month average action of 535,213 shares. One could buy this stock off any weakness and simply use a mental stop near the 50-day moving average of $7.93.

To see these stocks in action, check out the 6 Gold & Silver Miners to Play the Eurozone Debt Crisis portfolio.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions ins tocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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