MNG formed this nice maribozu today with 3 times the averge volume. Crossed 50 MA and with RSI over 50. Nice chart as far as I know..
What do you think?
Ascending Triangle (Continuation) Pattern.....Breakout
IMHO...Gold sector will stay strong long term.
Technicals
Record Price High
Most Actives
Record Price Break Out
Percentage Gainer
Last Price Quote is:
19.60%above 13-day EMA
33.86%above 50-day EMA
RS Rating: 97
Very nice Breakout from the Ascending Triangle.
MNG looks great with it's chart and indicators.
Great stock to own and will benefit from the gold bull market
in 2006. I look for MNG to attract some attention from other big gold stocks
who are looking to buy good smaller gold stocks. This looks to be a good candidate
for that. Time to buy MNG and get some nice profits in 2006.
IMHO... Will break $2.75 soon and then $2.95 and
over $3.00 in Jan/Feb 2006.
Support @ $2.26...2.12...2.08
You have to look at a 3 year chart to find long term resistance.
Resistance @ $2.93
Recent CandleStick Analysis,
Dec-27-2005 Bullish Engulfing
Technicals
MACD is Bullish.... ;D
Stochastic isBullish....... ;D
Record Price High
Most Actives
Percentage Gainer
Last Price Quote is:
20.10%above 13-day EMA
38.87%above 50-day EMA
RS Rating: 97
Briefing.com Profile - Miramar Mining Corporation (MNG) is a gold miner in the Canadian North and Hope Bay (an area w/ proven geology). Today, MNG traded to a new 52-week high on good volume for a holiday Friday. The co's vision is for successful exploration, development and operation of our Arctic gold assets. Mgmt has recently spoke at the Denver Gold Forum and the Gold & Precious Metals Conference. We note that Newmont Mining (NEM) has entered a strategic relationship w/ MNG, where Newmont will purchase 18.5 mln units of Miramar at a price of $2.35 each for a total of $43.5 mln. NEM mgmt has said it believes MNG's Hope Bay project is a premier advanced exploration play. What appeals to NEM is Hope Bay's size potential and its location in Canada.
Profile Get Profile for:
Miramar Mining Corp.
889 Harbourside Drive
Suite 300
North Vancouver, BC V7P 3S1
Phone: 604-985-2572
Fax: 604-980-0731
Web Site: http://www.miramarmining.com
DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Gold
Full Time Employees: NaN
BUSINESS SUMMARY
Miramar Mining Corporation, through its subsidiaries, engages in the exploration, acquisition, and development of gold bearing mineral properties. It owns the Hope Bay project, a gold exploration project located in Nunavut, Canada. The Hope Bay project area comprises 64 mineral claims and 9 mining leases. The company was incorporated in 1983 under the name Miramar Energy Corporation and changed its name to Miramar Mining Corporation in 1989. Miramar Mining is based in North Vancouver, Canada.
Quick question. Is the RSI (14) reaching an overbought condition a concern to anyone?
Use
Overbought/Oversold
Wilder recommended using 70 and 30 and overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points.
Looking hot....
Bouncing off the 50-dma nicely.
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
7.02%above 13-day EMA
11.79%above 50-day EMA
Here is a thread on this pick by Athakinu.
Someone started a new one. Why not run an update to this ???
Technicals
Record Price High
Most Actives
Record Price Break Out
Percentage Gainer
Last Price Quote is:
23.65%above 13-day EMA
34.46%above 50-day EMA
RS Rating: 96
I did not see this one Travis. Sorry.... :-\
Looks like she is still climbing...
AP
Newmont to Acquire Miramar for $1.53B
Tuesday October 9, 10:30 am ET
Newmont Mining to Acquire Canadian Gold Miner Miramar for $1.53B
DENVER (AP) -- Newmont Mining Corp., one of the world's largest gold mining companies, on Tuesday said it has agreed to buy Canadian rival Miramar Mining Corp. about $1.53 billion.
The offer of 6.25 Canadian dollars ($6.36) per share represents a 24 percent premium over Miramar's closing stock price of $5.15 on Monday in New York.
In a joint statement, the companies said the acquisition will be in the form of a takeover bid, with full details being disclosed to shareholders by the end of October.
Miramar's board has unanimously agreed to the bid, and is expected to recommend the deal to shareholders, the companies said.
In 2005, Newmont acquired a 9.9 percent stake in Miramar by investing $36.4 million in a then-undeveloped Canadian gold field known as the Hope Bay gold belt.
Newmont said the acquisition will allow for construction of a new mining district in Canada's Nunavut territory, and give it more opportunities to expand existing projects in the country.
In premarket trading, shares of Miramar surged 88 cents, or 17.1 percent, to $6.03, while Newmont added 16 cents to $44.99.