Golden Play with ASA Ltd.
by Sam Collins 05/08/09
ASA Limited (ASA) -- This publicly owned investment manager invests primarily in value stocks of companies and in gold, silver, and other precious metals.
More Trader Alerts
ASA broke from an ascending triangle on a bullish formation called a gold cross. The target for this breakout is initially $65 but longer-term investors could see ASA back to its old high of over $90 made in early 2008.
Get Sam Collins' Daily Trader's Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!
In addition to getting instant access to his Trade of the Day, you'll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!
Click here today to sign up today for Sam's FREE Daily Trader's Alert!
Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.
More By This Expert
Does the S&P's Breakout Mean Anything?
After three straight closes at the January high of 1,150, the S&P 500 finally broke through the barrier and closed above it. But what does this mean for investors?
Newmont Mining Corp. (NEM), one of the world's largest gold producers, just issued a buy signal.
U.S. Stocks or Emerging Markets?
Which is the better place to have your money now? Find out here.
The market correction caused a pullback in JB Hunt Transport Services (JBHT) after the last time we recommended the stock, but it may be time for another try.
2 Things Investors Don't Want to See Happen
If the S&P 500 fails to make a new high, it could create a double-top, which will probably have one of two negative outcomes.
