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Today's New Pick Is…
First Mining Finance Corp. (symbol: FFMGF)
Good Morning,
Goldman Sachs has clout so when it says that it sees some upside for gold prices in the coming months then it sort of makes sense to pay attention. It makes even more senses to take advantage of those undervalued opportunities in the mining space, especially when a company like FFMGF is snapping up gold mining assets.
We sent you the main profile but if you missed it here’s a refresher of the technicals:
FFMGF is trading above its 50 DMA which is around 0.55 currently. That puts traders squarely behind a play that is already moving higher but which also has a long way to go and a whole lot of upside still left in the tank.
FFMGF is trading with a 52 RSI. This confirms both momentum and the available upside that awaits traders in the near term.
FFMGF has attracted a “buy” rating from Barchart.com, a fact which is a strong catalyst for the play in the near term.
FFMGF is experiencing rising daily volatility, so much so that average volume has now surpassed 1 million shares.
FFMGF has since broken through resistance levels that prevailed from February through April. Since surpassing the high 0.30s the play has consistently reached for higher highs and the trend is poised to continue.
FFMGF is already moving but it’s still early days...
Take a look right away today!
Able Trader
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