Stock Watch AEM Breakout Looming?

Posted by Blain Reinkensmeyer on Friday November 10, 2006

Agnico Eagle Mines (AEM) is looking to make a push to new highs and close above $41 resistance. The stock had another strong accumulation day yesterday, but needs a week or two rest after climbing from the mid $30s. Buypoint is when the stock crosses $41 on heavy volume; a close above $41 on strong accumulation is your confirmation sign! Agnico Eagle, AEM, will be added to our close watch list and I will continue to track it for us. Keep an eye on this one (chart attached below):

AEM 111006.JPG

Happy Hunting.

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