Yamana Gold Inc. (NYSE: AUY) — This large-cap, Canadian-based gold miner made a high at just over $14 in December, but by February, it had fallen to just under $10.
Between February and July, AUY traded in a narrow rectangle that was generally bounded by $11 and $9.75. But on July 1, the stock broke support and finally bottomed at close to $9.
The recent move in gold has taken AUY back up and through its 50-day moving average and resistance at the base of the old rectangle.
Yesterday, AUY reversed down on a signal from our internal Collins-Bollinger Reversal (CBR) indicator.
Holders of AUY who bought it on our Top Stocks for June list should consider either selling the stock now or placing a stop-loss order under its 50-day moving average, which is at $9.93.
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