Get started
frapelloso

Breaking of trendline and Silver correlation on CDE

Long
Coeur Mining, Inc. (BATS:CDE)  
frapelloso  
BATS:CDE   Coeur Mining, Inc.
Trend Analysis
1
1
trendanalysis
CDE has broken out of a descending trendline with volume and a good movement on the upside: Historically it has been highly correlated with silver price, Silver already reached its previous recent high while CDE seems lagging, 10$ seems to be a realistic target. If silver breaks out of its range and goes to 40$ this stock could easily go to 15$.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.