Monday, January 11, 2016

Silver Wheaton Corp. (NYSE:SLW)

Looks like Silver Wheaton Corp. (NYSE:SLW) is about to breakout from this descending triangle pattern. On the technical charts, the stock currently is trading just above its 13 & 20EMAs with both lines providing an additional layer of support for stock. Additionally, the MACD made a bullish crossover last week. With good trading volume, the stock could be poised to trade higher to test its next level of resistence at 14.09. On watch.

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