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Bounce For Profit: Metal Stocks Holding Major Supports

Posted, by inthemoneystocks on May 16th, 2012

The metal stocks continue to hold key support levels on their daily charts. Stocks like Goldcorp Inc. (USA) (NYSE:GG) and Silver Wheaton Corp. (USA) (NYSE:SLW) are into major support as shown in the chart below. These stocks have seen a dramatic decline in recent months as the Dollar has surged and gold and silver have fallen. The SPDR Gold Trust (ETF) (NYSEARCA:GLD) hit a 52 week high in 2011 at $185.85. Today, the low was $148.98.

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Authored by, inthemoneystocks
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Tickers:
GG | GLD | SLW | SLW
Tags:
, gg, GLD, SLW
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