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Articles by Doug Morrison
- Wednesday February 22, 2012 Daily Stock Trading Idea (TSX:TKO) - Feb 22, 2012
What is interesting about Taseko Mines Ltd (TSX:TKO)?
Taseko Mines Ltd (TSX:TKO) closed at $4.05, up 9.46%, on good volume, for no specific reason. This latest move takes the stock above the key $4.00 level; if it can remain above, there’s little resistance before the $4.50 level but, as it has now gained roughly 60% in less than two months, and 32% from where we featured it as our chart of the day on January 11, it may be prudent to put take some profit here, especially as it now Read more... - Monday February 21, 2012 Daily stock trading idea (TSX:AR) - 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.
See Disclosure here
Share Highlight / 1-Year Stock Chart
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// Read more... - Friday February 17, 2012 Daily stock trading idea (TSX:NSU) - Feb 17, 2012
What is interesting about Nevsun Resources Ltd (TSX:NSU)?
Nevsun Resources Ltd (TSX:NSU) closed at $3.90, up 2.90%, on average volume. Yesterday saw the stock close in positive territory for the first time in 11 trading sessions, finally halting the free-fall. You have to go back to august 2010 to find the stock trading down at this level; given that the company announced positive drill results after the close on Wednesday, the market may take this stock back above the key $4.00 level. It trade Read more... - Thursday February 16, 2012 Daily Stock Trading Idea (TSX:HW) - Feb 16, 2012
What is interesting about Harry Winston Diamond Corp (TSX:HW)?
Harry Winston Diamond Corp (TSX:HW) closed at $13.01, up 9.42%, on big volume, for no reason in particular, and broke to bull at the $12.50 mark. There has been nothing on the tape in nearly a month and yet, inexplicably, the stock is now at a level of strong resistance and trading on an RSI of 71.47, typically overbought territory.
See Disclosure here
Share Highlight / 1-Year Stock Chart
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// Read more... - Wednesday February 15, 2012 Daily Stock Trading Idea (TSX:EGU) - Feb 15, 2012
What is interesting about European Goldfields Ltd (TSX:EGU)?
European Goldfields Ltd (TSX:EGU) closed at $11.03, down 2.04%, on average volume. The stock has quietly shed 15% inside of 2 weeks and is now just above key support at $11.00, where it broke to bear in our model; as it closed above, it may prove to be a false breakout. It trades on an RSI of 35.04 which, coupled with strong support, offers an opportunity to open a long position.
See Disclosure here
Share Highlight / 1-Year Stoc Read more... - Tuesday February 14, 2012 Daily Stock Trading Idea (TSXV:QRM) - Feb 14, 2012
What is interesting about Quest Rare Minerals Ltd (TSXV:QRM)?
Quest Rare Minerals Ltd (TSXV:QRM) closed at $3.02, down 9.31% on average volume, for no specific reason. There hasn’t been any news in the name in a month and the stock is now just above firm support at the $3.00 level and trades on an RSI of 49.18. Any bounce in share price offers an opportunity to open a long position.
See Disclosure here
Share Highlight / 1-Year Stock Chart
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// Read more... - Monday February 13, 2012 Daily Stock Trading Idea (TSX:CUM) - Feb 13, 2012
What is interesting about Copper Mountain Mining Corp (TSX:CUM)?
Copper Mountain Mining Corp (TSX:CUM) closed at $5.07, down 1.17%, on mediocre volume. The market has had time to absorb the news of fourth quarter production results and 2012 production guidance released on January 30 and the stock has now found, and bounced off, strong support at the $5.00 level. It trades on an RSI of 36.97, offering an opportunity to open a long position.
See Disclosure here
Share Highlight / 1-Year Stoc Read more... - Friday February 10, 2012 Daily Stock Trading Idea (TSX:NVA) - Feb 10, 2012
What is interesting about NuVista Energy Ltd (TSX:NVA)?
NuVista Energy Ltd (TSX:NVA) closed at $4.05, down 0.49%, on light volume. The stock had shed roughly 1/3 of its value in 6 weeks and has now bounced off the key $4.00 support level. This, coupled with a low RSI of 35.93, offers an opportunity to open a long position.
See Disclosure here
Share Highlight / 1-Year Stock Chart
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NuVista Energy Ltd ( Read more... - Thursday February 09,2012 Daily Stock Trading Idea (TSX:ARG) - Feb 09, 2012
What is interesting about Amerigo Resources Ltd (TSX:ARG)?
Amerigo Resources Ltd (TSX:ARG) closed at $0.96, up 5.49%, on average volume, for no specific reason. The company announced Q4 2011 production results along with 2012 guidance on January 27 and the stock has gained 17% since; in fact, it doubled within 2 months when it touched the $1.00 mark yesterday. It is now at a strong resistance level and trades on an RSI of 80.06, typically overbought territory.
See Disclosure here
Share Hi Read more... - Wednesday February 08,2012 Daily Stock Trading Idea (TSX:CLT) - Feb 08, 2012
What is interesting about Celtic Exploration Ltd (TSX:CLT)?
Celtic Exploration Ltd (TSX:CLT) closed at $18.00, down 1.53%, on mediocre volume. There has been no news in nearly a month, when the company announced record 2011 production and forward guidance. The stock has since surrendered over 20% and is now at strong support and trading on an RSI of 32.14, offering an excellent opportunity to open a long position.
See Disclosure here
Share Highlight / 1-Year Stock Chart
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About Doug Morrison
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 employer switched his focus to FTSE 350 stocks. From there he changed again to look at the Canadian market, with a focus on energy and basic materials.
Doug had been responsible for attracting and maintaining a Pan-European institutional customer base as a sales trader but, for the last two years, has had more of a retail bias in his technical analysis of the Canadian market. To that end, he has recently returned home to Toronto to focus on small cap stocks in his home market, again concentrating on the resource sector, this time with Ubika Research.
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