-
Top Metal Stock #3: Vale (VALE)
The Options Trader’s Guide to Technical Analysis
Diversified metals and mining company Vale (VALE) produces iron
ore, nickel, aluminum, copper, coal, platinum-group metals, gold and silver, to name a few. The company also operates logistics systems in Brazil,
including railroads, maritime terminals, and a port, and engages in hydroelectric power generation and steel production.The stock is in the process of forming what should be a very large bullish ascending
triangle leading to a breakout to new all-time highs. VALE will likely be one of the hottest plays of the next two years. Currently trading around
$30, I think the stock will easily see $55 in 2010, and could go as high as $70 in 2011.Related Articles:
The Options Trader’s Guide to Technical Analysis
In his latest report, John Lansing reveals how to leverage the power of technical analysis to identify the short window when a
trade is set to go straight up or down. Get your FREE copy here!
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
Comments are currently unavailable. Please check back soon.