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Stocks With Bullish Technical Setups
Tuesday, March 29, 2011 - 5:26pm | 1656( click to enlarge ) Lululemon Athletica inc. (NASDAQ:LULU) hit a new 52-week high today, trading as high as $89.25, before settling at a close of $89.17. I'll be watching the stock on Wednesday, looking for a follow through move. As long as the stock stay above $84.31, the bullish scenario...
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Bull & Bear: Harmony Gold (HMY)
Tuesday, March 29, 2011 - 2:43pm | 373While the precious metals sector has been on fire for quite some time now, Harmony Gold Mining Company Limited (NYSE: HMY) has seen influx of activity over the past few days and is quickly becoming the hot miner on the scene. Where could HMY be heading next? Bulls: Shares of HMY had been in a...
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Calls Purchased on Harmony Gold Mining Company Limited (HMY)
Tuesday, March 29, 2011 - 11:56am | 137Shares of Harmony Gold Mining Company Limited (NYSE: HMY) are higher on the session by 3.23%, currently trading at $14.68. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on...
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Mining Names Continue to Lag (FCX, SCCO, NEM)
Tuesday, March 29, 2011 - 10:28am | 150Despite an intraday surge in copper futures and in the overall market, mining names Freeport McMoran (NYSE: FCX), Newmont Mining (NYSE: NEM), and Southern Copper Corp (NYSE: SCCO), all of which took a hit yesterday, continue to lag the overall market. Freeport McMoRan (NYSE: FCX) turned positive...
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Jefferies Reaffirms Buy On Agnico-Eagle Mines (AEM)
Tuesday, March 29, 2011 - 6:47am | 138Jefferies & Co. is reaffirming its Buy rating and $90 price target on shares of Agnico-Eagle Mines (NYSE: AEM). In a note to investors, Jefferies writes, "While Agnico Eagle management provided better details surrounding reduced output and added expenses generated by the fire's aftermath, we...
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Banro Receives Receipt for Final Short Form Prospectus
Tuesday, March 29, 2011 - 6:10am | 121Banro Corporation (NYSE: BAA) announces that it has received a receipt or deemed receipt, as applicable, for its short form prospectus dated March 25, 2011 from each of the Ontario Securities Commission, the British Columbia Securities Commission and the Alberta Securities Commission. The...
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Inflation is on the Brain 03-28-2011
Monday, March 28, 2011 - 6:02pm | 864Cusick's Corner Inflation is on the brain and with the Hawks circling, this market needs leadership to arise before any real money is going to work. With that said, we may have this choppy action until the jobs data comes in at the end of this week. The Consumer Confidence Number will be a big one...
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Options Roundup (C, TIF, HMY)
Monday, March 28, 2011 - 4:42pm | 57Here's today's options roundup: • Citigroup (NYSE: C): July $4.50 straddle sold 16,750 times for $0.49 • Tiffany & Co. (NYSE: TIF): May $65.00 call bought 5,500 times, 3x normal volume • Harmony Gold (NYSE: HMY): May $15/16 call spread bought 10,000 times for $0.25
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Mining Companies Ending the Trading Day on Lows
Monday, March 28, 2011 - 3:09pm | 174The trading week started out in the green for mining companies Freeport McMoRan (NYSE: FCX), Southern Copper Corp (NYSE: SCCO), and Newmont Mining Corp (NYSE: NEM), but all started breaking down this afternoon with the downward move in copper. Freeport (NYSE: FCX) had been up nearly 2% at one...
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Market at Point of Indecision 03-28-2011
Monday, March 28, 2011 - 2:15pm | 893Cusick's Corner The market is at a point of indecision, especially with the market digesting quite a move to the upside, hitting resistance at the very point in February where there was a glut of congestion and finally the lack of volume. Also the proverbial Canary in the coal mine is chirping,...
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Huge Call Spread Trades on Harmony Gold (HMY)
Monday, March 28, 2011 - 10:16am | 148Shares of Harmony Gold Mining Company Limited (NYSE: HMY) are trading higher on the session by 1.06%, at $14.25. The name has been in rally mode for the past the three months, jumping up from a recent low near $10.50. A large call spread hit the tape in the name not long ago. The May $15/16 call...
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Claude Resources Inc. Reports FY 2010 EPS of $0.04
Monday, March 28, 2011 - 7:31am | 66Claude Resources Inc. (NYSE: CGR) today reported its 2010 financial and operating results. For the year ended December 31, 2010, the Company recorded net earnings of $5.8 million, or $0.04 per share, after a gain of $1.1 million arising from the sale of certain of the Company's oil and natural...
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Three Best Performing Small Cap Gold Stocks Year-To-Date (GRS, CGC, CGR)
Friday, March 25, 2011 - 3:34pm | 367With gold hitting another historic high recently I thought it would beneficial to see which small cap gold stocks performed the best year-to-date.. Gammon Gold (NYSE: GRS) Gammon Gold posted the best small cap gold stock...
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Three Best Performing Small Cap Gold Stocks Year-To-Date (GRS, CGC, CGR)
Friday, March 25, 2011 - 3:34pm | 367With gold hitting another historic high recently I thought it would beneficial to see which small cap gold stocks performed the best year-to-date.. Gammon Gold (NYSE: GRS) Gammon Gold posted the best small cap gold stock...
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Kinross Receives Pre-Approval to Increase Kupol Ownership to 100%
Friday, March 25, 2011 - 2:20pm | 117Kinross Gold Corporation (NYSE: KGC) announced today that according to the Russian Federation's State Commission for the Control of Foreign Investments , Kinross' 100%-owned subsidiary, Kupol Ventures Limited, has received pre-approval from the Commission to increase its ownership in the Chukotka...