CNC~KEEPING AN EYE ON PARTNER AGNICO EAGLE MONEY$$~NRstocks-showing-rising-market-leadership-agnico-eagle-mines-earns-81-rs-rating Perhaps most tellingly, it has a best-possible A+ Accumulation/Distribution Rating, a gauge of institutional buying by university funds, mutual funds and the like. Institutions account for around 70% of all stock trades so the A+ rating is very bullish.
Agnico-Eagle stock is within a buy zone after climbing above a 56.43 entry in a consolidation in March. On March 13 the gold mining company's stock broke out of a short cup base that began in December. The recommended buy zone goes up to 5% above the buy point.
On Monday it closed at 61.30, also taking out the 61.15 entry for a longer-term cup-with-handle base that started in May. Tuesday the gold miner stock rose further above that point then retreated in sync with the market pullback