Stock Chart Analysis ROY

Posted by downtowntrader | 10/07/2007 08:26:00 PM | 0 comments »

Stock Chart Analysis ROY

International Royalty Corporation (Public, AMEX:ROY)

ROY is a low volume small cap miner that may be poised to move higher. It was correcting in a channel after almost doubling earlier in the year, and it just recently cleared the channel. It's hugging the 20 day sma now, and could be close to setting a higher pivot high, which would confirm the change of trend from down to at least sideways. Clearing 7 could be the beginning of a move to new highs.

Good Trading,


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