Trader Tracks Stock Trade of Week: PEZ

Trader Tracks (06/11/2010)
"Pediment Gold's three-year chart has completed a bull Cup 'N' Handle pattern. There is hard Intermediate-cycle support for PEZ at C$1.00. Depending upon what the larger stock markets do over the next six weeks, the price could touch C$1.00 support and then rally back to C$1.50 followed by a pause. We think these shares will easily see C$2.00 this year with a much faster run to C$3.00 resistance depending upon the depth of global credit problems. In our view, it would be no surprise to see the C$3.50 price broken through in a big rally as European problems deepen this summer and fall."

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