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| PRIME STOCK NEWSLETTER FOR December 28th, 2010 |
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Position
Statement: In our Prime Recommendation Letter we attempt to identify the recommendation with the highest probability of moving higher. We recommend that stop orders be placed at the time of purchase, and once the position has moved profitable we recommend a stop be placed a minimum of $0.375 above the purchase price and moved higher as the position moves higher. |
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Today's Comments: Yesterday's trading volume was very light due to the snow storm that basically shut down New York City and most of the northeastern United States. Oil was lower by $0.51 to $91.00 per barrel, and Gold was higher by $2.40 to$1,382.90 per ounce. I am looking for the overall market to continue to show light trading volume this week ahead of the New Year's holiday.
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Recommendation: Buy
Rare Element Resources, Ltd. 'REE' |
| Company: Rare Element Resources, Ltd. |
Symbol: 'REE' |
Closing
Price: $11.73 |
Web: www.rareelementresources.com |
YH: $14.00 YL: $4.24 |
EPS: ($0.06) P/E: N/A |
Shares
Outstanding: 35 Million |
Forecasted
EPS: N/A |
Market Cap.: $475 Million |
| Dividend: N/A |
Yield: N/A |
Aver.
Daily Trading Volume: 3.7 Million |
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| Price Targets: $16.27 |
Downside Stop: $12.33 |
| Options Rec.: N/A |
Options
Symbol: N/A |
| Options Premium Sales Strategy |
| Options Rec. No Suitable Options Recommendation |
Options Symbol: N/A |
| Break Even: N/A |
Profit Potential: N/A |
Est. Return: N/A |
Annualized Ret. (est): N/A |
Additional information on Rare Element Resources, Ltd. 'REE' can be found (here)
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Company Description: Rare Element Resources Ltd. engages in the acquisition, exploration, and development of mineral properties primarily in Canada and the United States. The company primarily focuses on gold and rare-earth-elements. It holds a 100% interest in the Bear Lodge property located in northeast Wyoming. The company was incorporated in 1999 and is based in Vancouver, Canada..
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Chart updates daily |
A full list of the news headlines for Rare Element Resources, Ltd. 'REE' can be found (here)
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Our Analysis: The shares of Rare Element Resources, Ltd. 'REE' moved sharply higher yesterday on heavier than normal trading volume. They finished the day above a recently established upside resistance level. This is a bullish trading signal. This sector has heated up recently and it looks like the stocks in this sector are going to gap higher on the open. I am expecting the shares of 'REE' to gap open above their previous closing high of $12.74/share. If they do so, and close above that level, then they will have completed a "cup pattern" with a measured move to our stated price target of $16.27/share. I see downside support on the shares of 'REE' @ $12.74/share, and have set my stops accordingly @ $12.33/share.
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Stocks
Looking Higher |
SLXP. WRLD, CTSH, MXWL, PANL, CY, DBA, ONNN, UEIC, TR, DLX, KYE, CIT, CSCO, JPM, REE, AVL, A, NYX
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Stocks Looking Lower |
WFT, ABT, MO, EXPE, CVC, LOGI, RHT, MR, DSX |
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| Yesterday's Edition of the Prime Stock Newsletter |
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