Is SVM undervalued? This sort of setup suggests potential upside... google awe.SOME-Stock-S - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
My boat is full...I think this will be an easy double in a year...
SVM Silvercorp Metals, Inc. - SharpChart from StockCharts.com
Finally waking up the baby...
Ex dividend date is tomorrow June 7 which means you have to be in the stock today to get the dividend. SVM.TO never participated in the June 5 spike, it's trading $4.07 CAD. At $1.35 conversion, SVM should be at $3.01 USD. The spike was meaningless, probably short covering.
What just happened with the closing price? It closed at 3.25 all of a sudden and post market back to pretty much where it was.
If we are to go off the RSI then you could argue that a pull back next day or so could occur on SVM before rallying up. google AWEsome.STOCKS - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.