On today’s Breakouts report, there are six stocks on the positive breakouts list (stocks with positive price momentum), most of which are gold stocks, and 127 stocks are on the negative breakouts list (stocks with negative price momentum).
Discussed today is a gold stock that may appear on the positive breakouts list in the near future, particularly if risk aversion persists –Endeavour Mining PLC (EDV-T). The share price has rallied 16 per cent over the past 10 trading sessions. Given the rapid move in the share price, the positive price momentum may pause or retreat in the near-term in order to digest these gains.
A brief outline on Endeavour is provided below that may serve as a springboard for further fundamental research when conducting your own due diligence.
The company
With its corporate head office located in London, England, Endeavour Mining is a gold producer with operations in West Africa.
Currently, four mines are in…
