In this week’s Oracle, we analyze Boise (BZ) and Gold Miners ETF (GDX). Although we are showing a strong green candle with the latter, the volume is not supporting the price action. This tells me it is time for us to take a profit in the stock. It will probably pull back a little bit before moving back up to fill the short-term price target that was identified in last week’s alert. I don’t know about you, but I’m happy with a 13% profit in just one week.
Equity Oracle: 10/28/2011
To gain access to the PDF download and video, sign up for
an Equity Oracle Subscription!