Trade Alert: Gold Resource Corp. (AMEX:GORO)
2 May 2012
Profile: Gold Resource Corporation, an exploration stage company, engages in the exploration for and production of gold and silver in Mexico. It also explores copper, lead, and zinc ores. The company holds a 100% interest in 6 properties, including the El Aguila Project, the El Rey property, the Las Margaritas property, the Solaga property, the Alta Gracia property, and the El Chamizo property located in southern State of Oaxaca. Gold Resource Corporation was founded in Y 1998 and is HQ'd in Colorado Springs, Colorado.
Sector: Basic Metals, Gold
News: Gold Resource Corporation Increases Monthly Dividend 20%, Declares April Monthly Dividend Of $0.06 Per Share
Original Bull Trade Alert: 30 December 2011: http://www.livetradingnews.com/red-alert-gold-resource-corporation-amexgoro-60256.htm I gave a Early Call; Strong Buy at 20.97/shr Currently trading at 26.75 + 6.07 (+28.85%)
LTN's Pattern Recognition Analyst, Paul A. Ebeling, Jnr. confirms the continuing Bullish trend for Gold Resources Corp.
Shares of GORO closed Monday at 27.10, and opened Tuesday at 27.23. GORO closed the session Tuesday at 26.75, -0.35 (1.31%).
The price range Tuesday was between 26.70, and 27.74.
Volume: 263,090/shrs is more than its 3 mo average volume of 175,008/shrs.
GOROis trading above its 20, 50 and 200-Day Moving Averages.
My Technical Indicators augur strong Bullish price action in here.
The stock's 52 wk low is 15.06, and 52 wk high is 29.82, its P/E ratio is 25.35, its EPS is 1.07, its RSI is 56.52, Beta is 1.09, the Div & Yield is 0.60 (2.21), and the P/C ratio is
Performance Metrics for: Wk.+1.69%, Mo.+11.42%, Q:+2.57%, 6 Mo.+22.05%: Yr.-8.19%
|Bullish (0.44)||Bullish (0.48)||Bullish (0.42)||Bullish (0.42)|
|Recent CandleStick Analysis Very Bullish|
|30 Apr 2012||Homing Pigeon|
|26 Apr 2012||Hammer|
|up||5 Apr 2012||24.45 to 24.89|
|up||3 Jan 2012||21.63 to 21.65|
|Support and Resistance|
|VBu=Very Bullish, Bu=Bullish|
Be=Bearish, VBe=Very Bearish
1 yr Price Target Price Estimate: 40.00
Earnings Date: 29 May 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.