Gold Stock Presents Shiny Opportunity to Call Traders
Gold miner Agnico Eagle Mines Ltd (NYSE:AEM) has cleared $160, a potential call wall after a pullback to $156. The shares are above a potential trendline of resistance connecting October and April highs with a short-term peak earlier this month. The shares’ 20-day moving average – supportive since an early-August breakout -- is sloping higher and currently sits at $155. Despite a 109% year-to-date gain, short interest has increased by 70% this year, including a 26% bump since August as bears faded the brea ...