Agnico Eagle Mines (AEM) NewsBite - AEM Rallying on Higher Oil Prices

Posted on Wednesday, August 27, 2008 3:50 PM
Agnico Eagle Mines (NYSE: AEM) opened at $57.68. So far today, the stock has hit a low of $56.77 and a high of $58.68. AEM is now trading at $57.85, up $1.28 (2.26%). The stock hit its 52-Week high of $83.45 in March and set its 52-Week low of $40.90 in August. Shares of Agnico-Eagle Mines have been gaining ground today due to higher gold futures. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for AEM. If you are looking for a hedged play on AEM the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: GE, XTO, TM, GM, KEY, APC, NUE, JCP, DE, CAM, KLAC, NOC (Click Symbol For Latest News)

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