Stock Chart Analysis ROY

Posted by downtowntrader | 5/31/2007 10:00:00 PM | 0 comments »

Stock Chart Analysis ROY

International Royalty Corporation (Public, AMEX:ROY)

I been seeing a lot of decent looking charts in the smaller non gold related mining companies recently. ROY is a recent IPO that has had a nice run. Volume is really starting to come in to the stock and it looks like it is near completing a pullback. I think it may be early here as ROY should come back to test this area for a bottom, but I think that 6.68 low may hold as the pivot low. I will be watching it over the next few days to decide where best to scale in.

Good Trading,


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