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Top Metal Stock #1: North American Palladium Ltd. (PAL)
The Options Trader’s Guide to Technical Analysis
Canadian-based North American Palladium Ltd. (PAL) mines palladium,
platinum, gold, nickel and copper.The stock is already up almost 20% in 2010 alone after breaking out of a falling wedge reversal. It looks like investors and traders are trying
to get in at relatively cheap levels and valuation while they still can.Now, I don’t believe in chasing stocks, so for all the stocks in the sectors I’m covering today, look to use pullbacks as entry points. For PAL,
the $4 area around the monthly pivot is ideal for an initial position. My target for the stock is in the $7.75 area later this year.
Shine Up Your Portfolio With 3 Top Metal Stocks
Article printed from InvestorPlace Media, http://www.investorplace.com/2010/01/top-metal-stocks-gold-platinum-palladium-copper/.
©2012 InvestorPlace Media, LLC
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