M_Andreasen

Hecla Mining - good buying spot if it can break 6.5 USD?

Long
NYSE:HL   Hecla Mining Company
Hecla Mining is in a fairly new upward trend and is now at the bottom of a rising trend channel. I would be looking to buy if the stock price can cross the small black bar - that is around 6.5 USD. It benefits from increasing silver and gold prices (which is seen in the increasing net income) and the company is the largest primary silver producer in the U.S. Earnings report is due in two days - so the cautious investors could wait for the report.

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