Chart of the Day – Rubicon Minerals (RBY)

by John Lansing | November 22, 2010 11:39 am

Today’s chart of the day is Rubicon Minerals Corp. (AMEX: RBY[1]).

This gold stock is in a bullish trend, rising 12% last week, and outperforming the rest of the sector.

RBY now looks poised to break out of a weekly symmetrical triangle. Our first target is $6. If the stock can take that out, our next target is $8-$8.50 within the next few weeks.

Endnotes:
  1. RBY: http://studio-5.financialcontent.com/investplace/quote?Symbol=RBY

Source URL: http://investorplace.com/2010/11/chart-of-the-day-rubicon-minerals-rby/
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