Agnico Eagle Mines Ltd Stock Code AEM.NYS
Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is just above the cloud, confirming the bullish price trend. MACD is bullish and is hinting at a price low as it had given a bullish divergence warning earlier. If price is able to stay above the cloud, it could be heading towards the previous price high at $57.96 in the next 2-3 weeks.
$57.96 Price Target
$50.10 Risk Management Stop
3 weeks Trade Duration