Eldorado Gold Corporation (NYSE: EGO) — This Canadian mining company engages in the exploration, development, mining and production primarily of gold and iron properties around the world.
Yesterday, the stock gapped 4% higher, along with other Canadian gold stocks, as gold closed higher.
Another Canadian gold stock, Agrium Inc. (NYSE: AGU), reported a 37% increase in earnings. And gold fever seems to have hit others, as well.
Technically EGO is in a powerful uptrend, but gaps of this nature tend to be covered, so buyers should plan to take partial positions now and more if the stock closes the open gap.
If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.
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