Wednesday, February 27, 2008

Durban Roodeport Deep (DROOY)

Durban Roodeport Deep (DROOY) has seen steady growth off the back of rising gold prices. The 20-day MA has proven itself to be a relatively good 'buy' point over the course of the last few months, but an alternative entry price could present itself if the mini-pennant covering the last 4 days breaks to the upside. The stock initially featured to newsletter Subscribers as a pick for January 25th [$] after its bullish gap breakout.

Existing holders could raise their stop to a trailing 1% break of the 20-day MA until it reaches my suggested target. Options players are out of luck on this one. The most recent PR was an upgrade from HSBC Securities on February 19th.

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