Wednesday, August 29, 2007

Southern Copper (PCU) Technical Analysis, Continued.

PCU took a hit today, along with the rest of the market. PCU was able to close above the 50-day MA on Monday and last Friday. It bumped up against its former trendline, and closed below the 50-day MA today. Check out the chart below - the recent action is interesting - I'm not quite sure where its heading but I'm taking a slightly bearish stance for the next few days.

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