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

Website: http://www.goldresourcecorp.com

Latest News: Gold Resource Corporation Declares December 2011 Monthly  Dividend

http://finance.yahoo.com/news/Gold-Resource-Corporation-iw-1804680161.html?x=0

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%

AnalysisOverallShortIntermediateLong
Neutral (0.00)Neutral (0.14)Neutral (-0.15)Neutral   (0.01)
Recent CandleStick Analysis Very Bearish
Date            Candle28 Dec 2011Bearish Engulfing

Open Gaps  None

Support and   Resistance
TypeValueConf.
resist.27.674
resist.24.102
resist.23.415
resist.22.503
resist.21.967
supp21.1013
supp20.302
supp19.843
supp19.392
supp18.022
supp16.652

 

Technical Indicators

Ind.ShortInterLong
EMABuBuVBu
MACDVBuBeN
RSI
Be
TDD
Be
FibsVBuBuBu
HighsNBeVBe
LowsBuNVBe
TrendsNNN
Stoch.Be

VBu=Very Bullish,       Bu=Bullish
N=Neutral
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.