Chart of the Day – Aurizon Mines (AZK)

by John Lansing | October 21, 2010 11:04 am

Today’s chart of the day is gold miner Aurizon Mines Ltd. (AMEX: AZK[1]), which is involved in operations, development and exploration activities in the gold producing Abitibi region of northwestern Quebec.

Like many gold stocks, AZK has been on a parabolic rise. In fact, it broke out of a quadruple-top ascending triangle chart pattern to new all-time highs.

Volatility in the gold sector this week and likely into next week could offer traders a chance to get into AZK on a pullback before the stocks heads for our target, which is north of $10.

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