Mining For Gold Miners: Agnico Eagle Mines
InTheMoneyStocks.com | Aug 22, 2014 01:58AM ET
The precious metals have come under some decent selling pressure, as Gold is trading around $1275/oz. Following suit are the gold miners and Agnico Eagle Mines Ltd (USA)(NYSE:Agnico Eagle Mines Limited (NYSE:AEM)) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is currently holding an up sloping trendline. Should this trendline fail as support then this stock is headed straight for $35.30 and then the very attractive buy level of $33.25. Keep this stock on your radar and use those two levels I have given you to make easy money!
BY Parm Mann
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