Sunday, April 16, 2006

IAMGOLD Corporation (NYSE:IAG), (TSX:IMG) & (ASX:IGD)

IAMGOLD Corporation is a Canadian gold mining and exploration company with operations in West Africa and South America. IAMGOLD assets include part ownership interest in four operating gold mines: 38% in Sadiola Gold Mine, 40% in Yatela Gold Mine both located n Mali, and 18.9% in both Tarkwa Gold Mine and Damang Gold Mine, located in Ghana..

IAMGOLD Corporation is listed on the Toronto Stock Exchange (TSX:IMG) , New York Sock Exchange (NYSE:IAG) & Australian Stock Exchange (ASX:IGD)

Technically: the Weekly chart - ascending triangle pattern, initial target of ~ 13$. The daily chart - pattern of symmetrical triangle and the price is just above the 50 DMA and the upper diagonal line.

IAMGOLD Corporation (NYSE:IAG) , (TSX:IMG) & (ASX:IGD) daily chart

IAMGOLD Corporation (NYSE:IAG) , (TSX:IMG) & (ASX:IGD) weekly chart

IAMGOLD Corporation (NYSE:IAG) , (TSX:IMG) & (ASX:IGD) long term chart

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2 Comments:

Anonymous BlueDaze said...

Hi real1,

If the 50 DMA (USD$8.65) is used as the entry/support level, what should be the cut-loss/exit point?

And what is the time-horizon for your initial price target of USD$13 ?

I like IAG for its unhedged gold position. But its recent acquisition Gallery Gold Limited has a 50% hedged position.

Interested in a buy but not that certain of its fundamentals yet. Perhaps wait for its 2006 Quarter 1 report then decide.

Tuesday, April 18, 2006 7:36:00 AM  
Blogger real1 said...

cut-loss/exit point : 50 , 20 . 10 DMA. , short term trend lines.

Tuesday, April 18, 2006 9:40:00 AM  

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