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Stock impact report

Bullish on MAG Silver Corp. [Globe and Mail, The (Toronto, Canada)]

MAG Silver Corporation Ordinary Shares (MAG) 
Last mag silver corporation ordinary shares earnings: 11/8 06:37 am Check Earnings Report
US:NASDAQ Investor Relations: magsilver.com/s/investorrelations.asp
40-week Moving Average (40-wMA – C) and started a downtrend below a falling trending for about three years (dashed line). Earlier this year, MAG Silver rallied above the 40wMA, which started to curl upward, but the stock remained within a horizontal trading range mostly between $15.50 and $19.50 (dotted lines). The recent rise above this range signaled a breakout and the start of a new up-leg (D). MAG Silver is currently in the midst of a minor correction for a better entry level ; only a sustained decline below the 40wMA (currently near $18) would be negative. Point & Figure measurements provide targets of $26 and $29. Higher targets are visible. stock Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication www.capitalightresearch.com ). Chart source: www.decisionplus.com Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith Sign up Show less Read more
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