Agnico-Eagle @ $50

Agnico-Eagle is one of is the largest $7Bn (2nd tier) GOLD Mining stocks on the HUI, behind the BIG BOYS of BARRICK, NEWMONT and GOLDCORP which average around $20B in market cap.

The shares have traded in a HUGE range (DAILY) between $21.57p on 27th Oct and $59.19 on 26th Jan.

AEM hit a HIGH 1 year ago @ $83 in March 2008. Recent low was $22 in October 2008.
Long term support @ $15 from the break out in December 2005

The shares have only closed one month below $30 over the last 3 years.

The technicals on a Daily, Weekly and Monthly basis are

D MACD(-0.37) STOC (26) RSI (44) 5ema ($50) 50ema ($51.57)
W MACD(0.9)STOC (37) RSI (50) 5ema ($51.39) 50ema ($51.50)
M MACD(2.53)STOC (80) RSI (51) 5ema ($51.40) 50ema ($41.84)

Last DAILY BUY signal was triggered on 18March @ $48
Last DAILY SELL signal was triggered on 6th April @ $50

Last HOURLY BUY signal was triggered on 7th April @ $51
Last HOURLY SELL signal was triggered on 2nd April @ $56

Support levels are $37 and $44
Resistance levels are $53 and $59

Set a long term BUY @ $37 and SELL @ $59

Last 13 days trading range (Hourly chart) $48-58

Plan to SELL @ $58 with stop/loss at $62.50 and target low of $44.
Plan to BUY @ $46 with a stop/loss of $44 and a target high of $58