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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sun Sep 05, 2004 2:18 pm Post subject: DROOY (with chart) |
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The DROOY to NEM chart shows DROOY is currently below the comparison 10 week MA (NEM is the leading gold stock). Moreover, DROOY is far below the comparison 200 week MA of around 0.08. Therefore, DROOY is relatively undervalued compared to NEM. Consequently, DROOY may be a buy and NEM may be a sell, since the disparity will converge (because gold is a commodity) over time.
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