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| "TRADER ALERT" (BWR-TSX) $1.69 (RSC-TSXv) $1.74 |
| Monday, November 06, 2006 |
"TRADER ALERT" (BWR-TSX) $1.69 (RSC-TSXv) $1.74
Time horizon: Short-term swing
BREAKWATER RESOURCES (BWR-TSX) $1.69
BWR has been gaining strength since its bottom in October and today it has made brand new 52 week highs. Last week BWR announced a $40 million dollar gain for the quarter.
-MACD is in Bullish territory, way above its signal line and gaining strength
-Slow Stochastics safely above the 80 line
-CMF showing signs of accumulation
-Pierced through upper Bollinger Band today
-Volume is up significantly
BWR is looking strong and deserves some attention.
STRATECO RESOURCES (RSC-TSXv)$1.74
I've had my eye on RSC since it was $0.40 earlier this year. RSC has performed fantastically and continues to be a top performer. RSC is in the uranium space and, today, is very close to trumping its 52 week high. RSC recently reported that they are intersecting very high grades on their Matoush uranium project.
- MACD is in positive territory way above its signal line. MACD Histogram, which measures the difference between MACD and its 9 day EMA, is consistintly making new highs
- Slow Stochastics is safely above the 80 line
- CMF is showing signs of strong accumulation and good sentiment
- Continues to pierce through its upper BB band
- Volume has increased significantly
Watch to see if RSC breaks through its 52 week high today.
Conclusion:
Both stocks have had incredible runs recently, but continue to show signs of increasing strength. Both BWR and RSC warrant a closer look. Monitor both stocks for an attractive entry point and watch for warning signs of decreasing momentum.
Disclaimer: I am not an investment or finacial advisor. I do not recommend buying any of the securities mentioned on MicroCapMayhem. Do your own research and contact your personal investment advisor prior to the purchase of any securities. |
posted by MicroCapMayhem @ 10:25 AM   |
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| 4 Comments: |
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Hi MCM,
Great call on BreakWater! I will be posting about it tonite on my blog, thanks for the tip!
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Nice stock in the mining business.
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Nice Post!
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Hi MCM,
Great call on BreakWater! I will be posting about it tonite on my blog, thanks for the tip!