The Faraj List of Exploding Stocks Part 3.04 (FAR3)
melfaraj - Mon, 27 Dec 04 :
gld,
don't look too shabby. been rising gently for an extended period of time and now stands comfortably above its 160 ema line. note how this ma has provided support since the start of this year but now the stock is peeling away from it indicating an accelerated rate of rise. recently there was a vol spike to which the stock did not respond, otherwise volume is distinctly lacking although this could be said about the market as a whole recently.
unless somethign happens, expect the current trend to continue. the sector is not that brilliantly performing as a whole. if you are in the stock you might as well stick with it. it should prove to be a reasonable earner particuylarly in view of its accelerated rises. remember this stock has doubled over the past 20 months or so, not a great deal to write home about, not better than others. otherwise look elswhere.
