Wheaton Precious Metals Corp. (WPM) , is one of the largest precious metals streaming companies in the world. They seem to be doing something very right because the stock price has been soaring lately.
Let's check out the charts and indicators.
In this daily bar chart of WPM, below, we can see that prices have more than doubled since the March low. WPM is above the rising 50-day moving average and above the bullish 200-day line.
Trading volume has been very heavy since the middle of February and the On-Balance-Volume (OBV) line has been very strong, telling us that buyers of WPM have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is well above the zero line but close to a possible take profits sell signal. Strong new highs on WPM will probably turn this indicator bullish again.