Real Money readers probably have noticed that I have been recommending a number of precious metals names in recent weeks. Over the years, however, I have found that some investors shy away from single stocks as they can surprise us sometimes and not necessarily in a good way.
With that in mind let's check out the Sprott Gold Miners ETF (SGDM) .
In this daily bar chart of SGDM, below, I can see that prices bottomed in September/October. Prices rallied into January before a correction/pullback into early March. SGDM has firmed back towards its January highs and looks poised for further gains. Trading volume shows increased activity since November.
The daily On-Balance-Volume (OBV) line shows gains from December. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.