5 Top-Notch Technical Trades
Sam Collins, July 31, 2009
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#2 Gabelli Global Gold, Natural Resources & Income Trust (GGN)
Gabelli Global Gold, Natural Resources & Income Trust (GGN) is a non-diversified, closed-end management investment company that offers investors a way to participate in major metals mining stocks. It is one of my favorite stocks to trade and has provided a steady dividend return.
Note the huge rectangle with a bottom at around $12 and a top at $16. This year GGN has traded from the bottom of the rectangle to the top three times, and is now going for a fourth run at $16. This has been a nice, predictable trade -- especially for a stock with a dividend yield of close to 12%, which is payable monthly.
Check out OptionsZone.com's Technical Analysis 101 section.
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