Home > Stock Charts > Pan American Silver (PAAS) Flashing Buy Signal

Pan American Silver (PAAS) Flashing Buy Signal

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Just a quick Pan American Silver (PAAS) update.

PAAS finished Friday 3-23-12 above a descending price channel that it had been in for most of this month.

Additionally, its 21-day exponential detrended price oscillator has been at a very low level, but appears to be trending back toward the zero line. The detrended price oscillator tends to stay within a channel, which in this case, I did not draw on its chart. When it rises above the zero line price tends to go up. When it sinks below the zero line price tends to go down.

Moves below the bottom of the detrended price oscillator bottom channel, followed by a price close above the 21-day exponential moving average gives a buy signal.

When the detrended price oscillator exits the upper channel and the 21-day exponential moving price average drops, this provides a sell signal.

Another couple of interesting chart features you should note are price support at $21.23 and resistance at $26.24.

At a later date I will try to produce a better chart with this additional information on it. I made this chart very quickly as I wanted to provide this in a more timely manner.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor.

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