by Doug Morrison on Feb 21, 2012
What is interesting about Argonaut Gold Ltd (TSX:AR)?
Argonaut Gold Ltd (TSX:AR) closed at $8.95, up 2.29%, on average volume. Although the company announced record gold production on January 17, the stock has nearly doubled in less than six month; this latest move takes the stock to a new 52 week high and to an RSI of 68.86, nearing overbought territory. It may be wise to take profits here.
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Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: smallcappower.com/disclosure.aspx
Institutional Sales, Ubika Research
Doug began his investment career in the UK, starting as a financial adviser before moving into equity sales trading with the largest specialist firm on the floor of the New York Stock Exchange.
He concentrated on the US markets before a change of employe
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