Long Position on GG @ $9.65 on 12/26/2018 (Momentum)

Goldcorp Inc. (GG) acquires, explores for, develops, and operates precious metal properties in Canada, the United States, Mexico, and Central and South America.

It primarily explores for gold, silver, lead, zinc, and copper deposits.

The company's principal producing mining properties include the Éléonore, Musselwhite, Porcupine, and Red Lake mines in Canada; the Peñasquito mine in Mexico; the Cerro Negro mine in Argentina; and the Pueblo Viejo mine in the Dominican Republic. 

Shares have moved above their 50-day moving average as gold (the commodity) moves higher. We expect higher share prices for this stock.

Entry Point:  $9.65

Stop Loss:    $9.15

Trading Range: $8.42 - $15.55

Target Price:   $10.62

Updates

1/14/2019 9:45:56 AM

GG closed at $10.84

Position closed on 1/14/2019 at price of $10.84 with a 12.33% gain in 19 days.

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