30 December 2011
Profile: Gold Resource Corporation, an exploration stage company, engages in the exploration for and production of gold, silver, precious metals, and base metals, including copper, lead, and zinc primarily in Mexico. It holds interest in six properties, including the El Aguila property, the Las Margaritas property, the El Rey property, the Solaga property, the El Chamizo property, and the Alta Gracia property in southern state of Oaxaca. The company was founded in Y 1998 and is HQ'd in Denver, Colorado
Sector: Basic Materials, Gold
Latest News: Gold Resource Corporation Declares December 2011 Monthly Dividend
LTN's Pattern Recognition Analyst, Paul A. Ebeling, Jnr. ID'd the start of a new Bullish trend for Gold Resource Corporation
Shares of GORO closed Wednesday at 20.97, and opened Thursday at 20.87 . GORO closed the session Thursday at 21.16, +0.19 . (0.91%).
The price range Thursday was between 20.46, and 21.29.
Volume:161,855/shrs is less than its 3 mo average volume of 270,950/shrs.
GORO is trading above its 20 and 50 Day, and below its 200-Day Moving Averages.
My Technical Indicators augur new Bullish price action in here (Early Call)
The stock's 52 wk low is 15.06, and 52 week high is 31.38, its P/E ratio is 98.12, its EPS is 0.22, its RSI is 49.24, Beta is 1.00, the Div & Yield is 0.62 (2.84%), and the P/C ratio is 0.48.
Performance Metrics for: Wk.-4.90%, Mo.+12.55%, Q:+17.43%, 6 Mo.-14.19%: Yr.-26.40%
|Neutral (0.00)||Neutral (0.14)||Neutral (-0.15)||Neutral (0.01)|
|Recent CandleStick Analysis Very Bearish|
|Date||Candle||28 Dec 2011||Bearish Engulfing|
Open Gaps None
|Support and Resistance|
|VBu=Very Bullish, Bu=Bullish|
Be=Bearish, VBe=Very Bearish
1 yr Price Target Price Estimate: 40.00
Earnings Date: 9 February 2012
Analysts' Recommendation: Strong Buy
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.