Submitted by admin on Fri, 05/29/2009 - 07:15
Posted in
The chart for Agnico Eagle Mines (AEM) appears to be forming a broadening formation which is right-angled and descending. Actually, you might even see rectangular formation as well if you draw your bottom line horizontal to the top line.
If AEM breaks out in the top direction, the stock could rise to $80/share. There is some resistance at about $65/share however.