Home > Stock Charts > Stock Chart Update: McEwen Mining (MUX)

Stock Chart Update: McEwen Mining (MUX)

McEwen Mining (MUX) has been on the rise recently, but it looks like it has more to run.

MUX 3-26-12

McEwen Mining (MUX) looks like it has more to run

Looking at the chart, MUX has managed to bounce off the white price support line in the price chart above. It has also been staying within the Andrew’s Pitchfork formation.

Price is currently below the 21-day exponential moving average. Looking at the 21-day exponential detrended price oscillator, MUX is slightly below the zero line.

Given the general upward price momentum for MUX, I am considering buying MUX once it’s price closes above the 21-day exponential moving average. Would look to sell upon a close below the 21-day exponential moving average.

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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: