BUSINESS SUMMARY
Cardero Resource Corp its subsidiaries, engage in the acquisition, exploration, and development of mineral properties in Argentina, Mexico, and Peru. Its properties consist of iron-ore, gold, silver, and copper metals. The company's properties include Sirena, Coahuila, Crockite IOCG, Baja IOCG, Franco project in Mexico; Chingolo Silver, Cerro Atajo, Cerro Juncal, Mina Angela, Huachi, and Organullo properties in Argentina; and Marcona, Iron Sands, Peregrine option, Katanga, Pampa de Pongo, and Corongo project in Peru. Cardero Resource was incorporated as Halley Resources, Ltd. in 1985 and changed its name to Rugby Resources Limited in 1991. Its name was further changed to Euro-Ad Systems, Inc. in 1993; Sun Devil Gold Corp. in 1997; and to Cardero Resource Corp. in 1999. The company is based in Vancouver, Canada.
CDY 2:
CDY volume is increasing, above average volume ;)
Cardero Tying Up New Gold District in NW Argentina
Cardero Receives Conditional Listing Acceptance From TSX
http://finance.yahoo.com/q?s=cdy
This should be a good pick up here... It touched the lower trendline (Broadening Bottom) & now it's going up. ;)
--- Price above 50(SMA)
CDY had a recent golden cross with volume.
It's been down for about 8 consecutive trading days and a recent higher low.
Stochastics is below 20 and RSI(2) is currently below 30.
Time to buy or wait for more confirmations?
50ma support at 2.21 and 2.10 horizontal support is closeby.