Here are 6 mining stocks in ticker symbol alphabetical order that have what I am calling the ‘Almost Coast to Coast’ trendline breakouts of the True Strength Index (TSI) indicator.
First is Aurizon Mines Ltd (AZK: 4.95 +0.04 +0.81%). This stock has a negative divergence in place, a ZERO crossover and is on its 5th attempt to hold above the 50 dma.
Second is Endeavour Silver Corp (EXK: 3.32 +0.05 +1.53%). Not a lot to say about this one except that the put/call ratio on EXK is astronomically high - at two year highs and probably at all-time highs, from the looks of it.
Third is Northern Dynasty Minerals Ltd (NAK: 6.88 +0.11 +1.62%). This stock has a positive divergence in place and a zero line crossover.
Fourth is New Gold Inc (NGD: 4.97 +0.10 +2.05%). New Gold has TWO negative divergences in place and an overhead gap that is begging to be filled.
Fifth is Seabridge Gold Inc (SA: 25.62 -0.43 -1.65%). This stock, like New Gold, has TWO negative divergences in place.
Sixth and finally, this is Silvercorp Metals Incorporated (SVM: 6.56 +0.24 +3.80%). Silvercorp has a negative divergence in place, a zero crossover and a shorter term TSI trendline breakout.
Source: dailymarkets.com
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