Materials Sector Stocks Technical Notes -- Research on Silver Wheaton, Pan
American Silver, First Majestic Silver, and Silvercorp Metals
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LONDON, March 21, 2014
LONDON, March 21, 2014 /PRNewswire/ --
On Thursday, March 20, 2014, the NASDAQ Composite ended at 4,319.29, up 0.27%,
the Dow Jones Industrial Average gained 0.67% to end the session at 16,331.05,
and the S&P 500 closed at 1,872.01, up 0.60%. The gains were broad based as
nine of ten sectors finished higher. The S&P 500 Materials Sector Index
finished the day 0.47% higher at 298.05, while the same has advanced 2.12% in
the last one month. Investor-Edge has initiated coverage on the following
equities: Silver Wheaton Corp. (NYSE: SLW), Pan American Silver Corp. (NASDAQ:
PAAS), First Majestic Silver Corp. (NYSE: AG), and Silvercorp Metals Inc.
(NYSE: SVM). Free technical research on SLW, PAAS, AG, and SVM can be
downloaded upon signing up at:
On Thursday, shares in Silver Wheaton Corp. recorded a trading volume of 4.40
million shares, as compared with a three months average volume of 4.58 million
shares. The stock ended the day at $25.14, up 0.36% and at an intraday range
of $24.53 and $25.40. Silver Wheaton Corp.'s shares have declined 3.64% in the
previous three trading sessions and 3.12% in the last one month, while the
stock gained 24.52% on YTD basis. The company's shares are trading above their
50-day and 200-day moving averages of $23.74 and $22.89, respectively.
Furthermore, the stock is trading at a Relative Strength Index (RSI) of 49.62.
Sign up today to read free research on SLW at:
Shares in Pan American Silver Corp. declined 0.36% to finish the day at
$14.03. A total of 1.63 million shares were traded, which is below the three
months average volume of 1.95 million. The company's shares oscillated between
$13.87 and $14.18 during the session. Pan American Silver Corp.'s shares have
fallen by 1.75% in the previous three trading sessions and 5.84% in the last
one month, while the shares have gained 19.91% on YTD basis. The company's
shares are trading above their 50-day and 200-day moving averages of $13.50
and $11.97, respectively. Additionally, the stock is trading at an RSI of
49.41. Sign up today to read free research on PAAS at:
First Majestic Silver Corp.'s shares recorded a trading volume of 1.13 million
shares, as compared with a three months average volume of 1.41 million shares.
The stock ended the day at $10.98, up 1.57% and recorded an intraday range of
$10.70 and $11.07. First Majestic Silver Corp.'s shares have declined 1.61% in
the previous three trading sessions and 10.29% in the last one month, while
the shares have advanced 12.04% on YTD basis. The company's stock is trading
below its 50-day and 200-day moving averages of $11.05 and $11.43,
respectively. Furthermore, the stock is trading at an RSI of 44.92. Sign up
today to read free research on AG at:
On Thursday, shares in Silvercorp Metals Inc. edged 0.47% lower, closing the
day at $2.11. The stock recorded trading volume of 1.36 million shares as
compared to a three months average volume of 1.28 million shares. The stock
fluctuated between $2.08 and $2.14 during the trading session. Silvercorp
Metals Inc.'s shares have fallen by 4.52% in the previous three trading
sessions, 25.70% in the last one month and 7.86% on YTD basis. The company's
stock is trading below its 50-day and 200-day moving averages of $2.58 and
$2.87, respectively. Moreover, the stock is trading at an RSI of 331.0. Sign
up today to read free research on SVM at:
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