Long Position on KL @ $33.15 on 3/27/2019 (Momentum)

We featured this stock in February. It has once again in the buy range!

Kirkland Lake Gold Ltd. (KIRK) engages in the exploration and development of gold properties.

The company owns and operates four underground gold mines, including the Macassa mine, the Holt mine, and the Taylor mine in Ontario, Canada; and the Fosterville Mine in Victoria, Australia, as well as three milling facilities in Canada and Australia.

The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016.

Shares have found support at their 50-day moving average (shown in brown). Higher share prices are expected for this stock.

Entry Point: $33.15

Stop Loss: $31.50

Trading Range: $14.82 to $36.74

Target Price: $36.45

Updates

3/29/2019 11:13:25 AM

KL closed at $31.

Position closed on 3/29/2019 at price of $31.00 with a -6.49% loss in 2 days.

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