Agnico Eagle Mines (AEM) NewsBite - AEM Rises on Higher Gold

Posted on Wednesday, October 08, 2008 2:52 PM
Agnico Eagle Mines (NYSE: AEM) opened at $46.96. So far today, the stock has hit a low of $45.76 and a high of $50.82. AEM is now trading at $49.57, up $4.87 (10.89%). Over the last 52 weeks the stock has ranged from a low of $39.61 to a high of $83.45. AEM shares are trading higher today, helped by rising 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 an October out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: C, TIF, RTP, JCG, HLTH, PDLI, TIE, CAJ, EXM, ILMN, HOC (Click Symbol For Latest News)

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