Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Happy Christmas and a Precious Metals New Year | Main | Pan American Silver: Building a Bullish Base »
Wednesday
Dec172008

Pan American Silver Corporation: Chart Break Out!

PAAS Chart 18dec08


On its third attempt to break out above the $14.00 resistance level Pan American Silver Corporation finally managed to do it and closed today at $16.68 today. In anticipation of this move we placed orders to purchase Call Options on PAAS but unfortunately they were not filled. We increased our bid but PAAS took off a tad too fast for us and the premiums required started to look expensive so we with drew from the bidding contest. A decision we may come to regret as silver has come to life and stands at $11.28 as we write.

As we can see from the above chart of Pan Americans stock price the RSI is close to 70, the MACD has had a good run and the STO has just passed 80 so maybe patience is the order of the day.

If you decided to make a purchase after our last post on PAAS on the 14th December 2008 then give yourself a pat on the back you have done well.

Pan American Silver Corporation trades on the NASDAQ under the symbol of PAAS and on the Toronto Stock Exchange under the symbol of PAA.

PAAS has a market capitalisation of $1.35 billion, a P/E ratio of 15.91 with 80.77 million shares outstanding and an EPS of 1.05.

Have a sparkling day.

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links.



PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

How about a pat on the back to those of us who didn't buy Paas, but also, did not sell either. Yea.
John

December 21, 2008 | Unregistered CommenterJohn Ell

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>