Yamana Gold Bottom in? YRI:TSX $AUY Gold Stabilizes

Yamana Gold YRI AUY Weekly Chart April 26 2013


Yamana Gold had a Stellar 2011 / 2012 year.  Since Q4 of 2012 the stock began to fall aggressively as gold retreated.  As one of the few solid gold miners around the $10-15 range, this stock looks extremely attractive as a long term buy and hold.

Last weeks candle came with strong volume, but ended close to flat on the week.  The Slow Stochastics technical indicator shows an over bought situation and give the long period of time in the <20 range, by the end of 2013, a pop in price from these levels is highly likely.  Currently looking for a bumpy ride up to around $15.00 before getting even more bumping either to drift side ways to consolidate higher or to drop back to test the 200 day weekly MA.