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Dig for Profits in This Mining Stock

Coeur d’Alene Mines (NYSE: CDE) — This gold and silver miner has operations in South America, the United States, Mexico and Australia. Ford Equity Research projects that it will outperform the market over the next six to 12 months, and EPS has increased over the past five quarters. 

Technically, CDE broke from a triple-top on Feb. 28, and ran to a new high at $38. It has been consolidating at its 200-day moving average since early in March — the ideal spot to take new positions. Squeezed between its 200-day moving average and a resistance line just 2 points higher, the pressure is on the upside. Look for a breakout from $28 and a run to $32.

Trade of the Day – Coeur d'Alene Mines (NYSE: CDE)

Trade of the Day Chart Key

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Article printed from InvestorPlace Media, https://investorplace.com/2011/06/trade-of-the-day-coeur-dalene-mines-nyse-cde/.

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