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First Majestic Silver Corp. Message Board

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  • zebra887 zebra887 Jun 20, 2011 4:31 PM Flag

    Why Is AG Still Under Selling Pressure?

    AG is performing less well than the stocks you listed in the PM group today, I think because it has held up better than the others. Most Silver stocks are below their 200 day moving average. Today across the market it looked like a oversold bounce rally following option expiration.

    Technicals continue a slow improvement on the AG chart...one good up day and many algorithems will turn positive. Hard to say whether a rally now can go anywhere...everything seems pretty much on hold until the Greek crisis goes away and there is some new form of stimulus for the American markets...

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14.80+1.22(+8.98%)Jul 1 4:02 PMEDT