• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

These 2 Precious Metals Stocks Could Hit the Motherlode

Both names receive quant upgrades and have strong charts.
By BRUCE KAMICH
Jul 19, 2019 | 12:16 PM EDT
Stocks quotes in this article: AG, AGI

First Majestic Silver Corp. (AG) and Alamos Gold Inc. (AGI) were both upgraded to Hold today by TheStreet's Quant Ratings service. Both of these precious metals names look technically attractive to me.

Let's check out the charts and indicators.

In the first daily bar chart of AG, below, we can see a long, sideways consolidation pattern followed by an upside "explosion" in June and July. Prices are above the rising 50-day and bullish 200-day moving average lines.

The On-Balance-Volume (OBV) led the way higher with its rise from January to July. The Moving Average Convergence Divergence (MACD) oscillator crossed above the zero line for an outright go long signal in early June and the oscillator is still bullish.

In this weekly bar chart of AG, below, we can see how prices have broken out of a multi-year base pattern. Prices are above the rising 40-week moving average line. The weekly OBV line has been rising from the beginning of 2018 and the MACD oscillator recently gave a buy signal.

AGI continues its bullish ways, which can be seen in this daily bar chart, below. Prices may have a head-and-shoulders like bottom pattern and broke out to the topside in June. AGI is above the rising 50-day and 200-day moving averages. The OBV line is positive and the MACD oscillator is turning up to a fresh outright long signal.

This weekly bar chart of AGI, below, shows that a longer downtrend has been broken and prices have launched an uptrend. AGI is above the rising 40-week moving average line. The weekly OBV line has made a new high for the move up to confirm the price gains. The MACD oscillator is bullish.

Bottom-line strategy: While AG and AGI were only upgraded to quantitative holds their charts are very bullish and these names should be bought for further gains in the months ahead.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Gold | Investing | Stocks | Technical Analysis | Metals & Mining | Quant Ratings | Real Money | Basic Materials

More from Stocks

A Recipe for a Rebound

Paul Price
Jan 28, 2021 7:00 AM EST

Here's how to play Ingredion as it looks set to rise.

A Rush to Rotate Into Short-Squeeze Plays Is Roiling the Market

James "Rev Shark" DePorre
Jan 28, 2021 6:27 AM EST

The market is struggling with instability as a massive, short-squeeze movement continues. 'Good' stocks are being dumped by funds to pay for short-selling losses.

If You Think the Selling Started Yesterday, You Have a Short Memory

Helene Meisler
Jan 28, 2021 6:00 AM EST

A lot of what we saw on Wednesday has been in the works for a while now.

Emotions Run High as Indexes Slip

James "Rev Shark" DePorre
Jan 27, 2021 4:44 PM EST

I've raised a bit of cash, but it's still unclear what will emerge from here.

3 Important Questions the Fed Answered Wednesday

Tom Graff
Jan 27, 2021 4:30 PM EST

Powell was asked a number of questions about asset bubbles and financial stability risks during his press conference.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 06:43 AM EST BOB LANG

    Webinar Time -- After the Close today

    join me later today as we talk about markets and w...
  • 11:48 AM EST STEPHEN GUILFOYLE

    Cashing in Some More Chips at Stocks Under $10

    We're trimming a position for a big gain today.
  • 08:34 AM EST GARY BERMAN

    Wednesday Morning Fibocall for 1/27/2021

    The "correction" can be coming sooner than we thou...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login