TUE 11:49 AM: New Swing Trade AEM Breaks Out to New Highs

After a week of sitting in cash, I decided to pick up a small position in AEM at today’s close. The stock was breaking out to new highs while volume ended up being  +60% above the normal daily rate. Good sign.

Gold stocks are performing well.

This stock has nearly the highest possible ranks. After the close, it was written up as IBD’s Stock of the Day.

The market does remain very bearish, so I will have a tight stop on this selection. My first area of support is the 10 DMA, currently at $97.53.

 

SYM LAST $ CHG % CHG BUY DATE BUY PRICE BUY TIME SIZE %G/L
AEM $100.57 $3.54 +3.65 3/11/2025 $101.13 3:50 1/3 -0.55%