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Tuesday
Sep042007
Kinross Gold Corporation: Update
Tuesday, September 4, 2007 at 05:06AM
On the 20th August 2007 we signalled another buy call on Kinross Gold Corporation acquiring the stock at $11.48. This is what we said at the time:
The sell off knocked 1/3 off the stock price, but the recovery has started. Note the RSI has just turned positive along with the Stockastics. We expect Kinross to regain its former price levels of $13 to $14 so today we made another investment at $11.48.
At the close on the 31st August Kinross was trading at $12.22 up 6.4% over a ten day period.
We are hoping that Kinross can continue with this progress to the point where the 50dma crosses over the 200dma in an upward movement.
The technical indicators are all positive and heading north so now it’s a question of gold making some headway and challenging previous highs.
Keep up to date with our free newsletter.
The sell off knocked 1/3 off the stock price, but the recovery has started. Note the RSI has just turned positive along with the Stockastics. We expect Kinross to regain its former price levels of $13 to $14 so today we made another investment at $11.48.
At the close on the 31st August Kinross was trading at $12.22 up 6.4% over a ten day period.
We are hoping that Kinross can continue with this progress to the point where the 50dma crosses over the 200dma in an upward movement.
The technical indicators are all positive and heading north so now it’s a question of gold making some headway and challenging previous highs.
Keep up to date with our free newsletter.
Reader Comments (2)
Why do you do a writeup on Kinross that DATES BACK TO 9/07?
jeff,
This is an associated article that we wrote previously. We were asked by our readers to group them together so it would save them time in searching the site for such articles.
Hope that this helps.