Super Zahlen und trotzdem abgestraft....... AHA :greespan: deshalb
Upgrade Alert for Silver Wheaton (SLW)
Written on Tue, 05/15/2012 - 8:01am
By David Diaz
Silver Wheaton (NYSE:SLW) was upgraded from Neutral to Outperform at Macquarie today. The stock closed yesterday at $24.33 on volume of 7.8 million shares, above average daily volume of 5.1 million.
There is potential upside of 85.7% for shares of Silver Wheaton based on a current price of $24.40 and an average consensus analyst price target of $45.32. The stock should run into initial resistance at its 50-day moving average (MA) of $31.29 and subsequent resistance at its 200-day MA of $33.57.
Silver Wheaton Corporation purchases and sells by-product silver from operating mines. The Company has long term contracts to purchase all or a portion of the silver production
[SIZE= px][COLOR= #FF0000]from mines in[/COLOR][/SIZE] Mexico, Sweden, Peru, [SIZE= px]
[COLOR= #FF0000]Greece[/COLOR][/SIZE] and the United States.
In the past 52 weeks, shares of Silver Wheaton have traded between a low of $24.24 and a high of $42.50 and closed yesterday at $24.40, which is 1% above that low price. The 200-day and 50-day moving averages have moved 0.54% lower and 2.33% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Silver Wheaton on March 6th, 2012 by issuing a Downtrend alert when the shares were trading at $34.83. Since that call, shares of Silver Wheaton have fallen 29.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.