MUX ~ End of the Week Chart McEwen Mining headed
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MUX ~ End of the Week Chart
McEwen Mining headed by one of the sharpest in the mining industry, Rob McEwen, is another one of my favorite mining companies. Check out the chart. One should almost be able to swing trade MUX with their eyes closed, lol. Longer term, these sub 4.00 prices are very inexpensive, imo. Shorter term, those swing trading with me are out of the stock at the moment with either all or a portion of their position. The stock is in a downtrend and the chart isn't very pretty at the moment. Our last swing trade from the 3.70s to the 4.50-4.60s was good for a few bucks. The current correction hasn't offered me anything much yet to get excited about for a swing trade other than for the very aggressive traders looking to scalp a few intraday moves. Most indicators that I use aren't ready yet.
So keep your eyes out here for our next entry. I do believe that MUX will offer a potentially strong appreciation in price as the company gets closer to their production schedules of 2013 and 2014.
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