Backtested Symbol: PAL
Strategy: Pennystocks100 (5 min chart)
Period: July 13, 2010 - July 13, 2011
# Win: 0
# Loss: 0
Winners: 0%
Profit-Loss%: +0%
Thursday, July 14, 2011
Trading Alert for 7/14/2011
$PAL - symbol we'll be trading tomorrow. $PAL - North American Palladium Ltd expects underground production at its Vezza gold project in the Abitibi region of Quebec to begin early next year. The company expects the mine to initially produce 39,000 ounces per year, with the potential to produce over 50,000 ounces per year, it said in a statement. As for the chart, it looks ready for more bullish activity. 20 SMA is about to cross 50 SMA. Still room to go up to touch the trendline. Strong volume today - it all suggests that tomorrow $PAL traders will have a strong bullish bias and should try to push it even higher.
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