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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Metals & Mining Gold

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > LSG in "over bought" territory?
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Post by caveatinvestor on Aug 15, 2013 8:29pm

LSG in "over bought" territory?

From Zack's today:  Lake Shore Gold Corp. has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because LSG is now in overbought territory with an RSI value of 74.83. Furthermore, estimates for the Lake Shore Gold Corp. have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

I haven't seen Zack's full details, but I suspect they haven't factored in where the price of gold might go, LSG's expansion, or other things "off the chart" so to speak.   
Comment by idlefreebird on Aug 15, 2013 9:36pm
There was many shares purchased in the .60 range from Feb.20 to April 11 .This is were we will stabilize for awhile. gltal https://web.tmxmoney.com/charting.php?qm_symbol=LSG
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