Home > Stock Charts > McEwen Mining (MUX) Nearing Buy Trigger

McEwen Mining (MUX) Nearing Buy Trigger

It was only last Friday 3-23-12 that McEwen mining fell through the sell trigger for a day on the chart below. What a difference a day makes.

MUX 3-26-12

MUX 3-26-12

Although MUX has slipped a bit since Monday 3-26-12, it would not take much of a rise in the stock price for it to cross the 21-day exponential moving average, represented by the blue line in the price chart below.

MUX 3-27-12

MUX nearing buy trigger

Of note on the above chart is overhead price resistance of around $6.00 per share. Keep an eye out for the detrended price oscillator (21-day exponential moving average) as it has recently re-entered the channel. A further rise should push the stock price above the blue line of the price chart and signal a buying opportunity.

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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