Agnico Eagle Mines Ltd (NYSE: AEM)

Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. The company's flagship property includes the LaRonde Mine located in the Abitibi region of Quebec. As of December 31, 2012, the LaRonde Mine's estimated proven and probable mineral reserves included approximately 4.2 million ounces of gold. It has exploration activities in Canada, Europe, Latin America, and the United States. The company was founded in 1953 and is headquartered in Toronto, Canada.
Please take a look at the 1-year chart of AEM (Agnico-Eagle Mines Limited) below with my added notations:
AEM is as simple as TROW was earlier this week. The stock has held a very important level of support at $25 (blue) since June. Regardless of what the market, or gold, has or has not down over that period of time, the stock has yet to break that level. Now, AEM is approaching $25 again and that might provide another bounce higher, but the stock's recent downward move could be setting the stock up for a breakdown.

The Tale of the Tape: AEM has a key level of support at $25. A trader could enter a long position at $25 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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