Great Trades

Wednesday, August 23, 2006

Copper Fox Metals Breakout

We highlighted Copper Fox (CUU in Canada, CPFXF in the U.S.) earlier this month as a long-term buy after the formation of an island reversal pattern. Today, after retesting the gap from the island reversal, Copper Fox broke out from the downtrend it's been in since May on good volume.


While it could always retest the breakout area, we believe Copper Fox has changed course and will establish a new uptrend toward its fair value at much higher levels. Copper Fox remains a great buy for the long term.

posted by GreatTrades  # 10:57 PM

Comments:

Great work to wrap up the situation
and thanks for blogging it up.

# posted by  Anonymous : 9:01 AM

 

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Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.