LONDON, April 17, 2013 /PRNewswire/ --
Equity markets rebounded sharply on Tuesday following Monday's huge selloff. The sell-off was triggered by some disappointing economic data from China and U.S. China's weak GDP data also sparked a selloff in commodities, with gold and silver prices posting substantial intra-day losses. Other commodities also fell sharply. The sharp decline in commodities pushed the Basic Materials sector down more than 4% on Monday. However, the sector rebounded on Tuesday, gaining more than 1.70%. Among the major movers in the Basic Materials sector yesterday were Silver Wheaton Corp. (NYSE: SLW), BHP Billiton Limited (NYSE: BHP), Cameco Corporation (NYSE: CCJ), New Gold Inc. (AMEX: NGD), and Agnico-Eagle Mines Limited (NYSE: AEM). StockCall has issued technical analysis and charting reports on SLW, BHP, CCJ, NGD, and AEM. Download these free reports now at
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Silver Wheaton Corp.'s shares slipped on Tuesday even as the broad market rebounded sharply. The stock closed 0.92% lower at $23.68 on above average volume of 7.71 million, taking its losses in the last three sessions to more than 15.50%. The company's shares are now trading close to their 52-week low of $22.94. Year-to-date, the stock has now fallen more than 34%. Shares of SLW are trading well below their 50-day and 200-day moving averages. Download the free research on SLW today by registering at
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Shares of mining giant BHP Billiton Ltd rebounded sharply yesterday, paring some of the losses from Monday. The stock closed 2.87% higher at $66.63 on above average volume of 2.99 million. Despite the gains, the stock is still down 5% in the last three sessions. BHP Billiton's shares are trading below their 50-day and 200-day moving averages, which is a bearish signal. The stock's MACD chart further confirmed the negative trend. Year-to-date, the industrial metals & minerals company's shares have now fallen more than 13.70%. Sign up and have access to our free report on BHP at
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Another major gainer in the Basic Materials sector on Tuesday was Cameco Corporation. The stock closed 1% higher at $18.26 on above average volume of 1.72 million. Despite yesterday's gains, Cameco's shares are still down nearly 6.80% in the last three sessions. For the year, the stock has fallen nearly 7%, underperforming the broad market. Shares of CCJ are currently trading nearly 22.30% below their 52-week high. The stock is also trading below its 50-day and 200-day moving averages. Sign up and read the complimentary report on CCJ at
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Shares of New Gold Inc. rebounded sharply in Tuesday's trading session, closing 3.50% higher at $6.81 on above average volume of 5.52 million after touching an intra-day high of $7.10. However, the stock is still down 17.75% in the last three sessions. New Gold's shares have fallen more than 38.20% thus far in 2013 as gold prices have come under pressure. The stock's MACD is currently trading well below the signal line and the zero-line, which is a bearish signal. The free report on NGD can be downloaded by signing up now at
http://www.StockCall.com/NGD041713.pdf
Agnico-Eagle Mines Limited's shares edged higher in trading yesterday; however, the gains were limited. The stock closed 0.59% higher at $32.59 on above average volume of 2.98 million. The gold mining company's shares have seen a series of lows since the start of this year, which is a bearish signal. The stock is also trading below its 50-day and 200-day moving averages, which further confirms the downbeat trend. Free report on AEM can be accessed by registering at
http://www.StockCall.com/AEM041713.pdf
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