MAG Silver Corporation

Published : January 25th, 2010

Globe & MAIL - Bullish on MAG Silver

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RON MEISELS AND MONICA RIZK 00:00 EST Saturday, January 23, 2010

 

Bullish on MAG Silver

 

Technical Analysis shows the miner is set to rise

 

From about $15 in early 2008 (A) MAG Silver Corp., (yesterday's close $6.67), had a sharp decline to $3.50 (B),

a rally to the falling 40-week moving average (40wMA) (C) and then a pullback toward $5 (D). In 2009, the

40wMA started to flatten and, most recently, the price started to move above this average (E). This price action

suggests a bullish technical pattern known as a ''W'' formation (see dotted lines). The recent rise above $7.70 (E)

confirms the bullish pattern and signals the start of a new major up-move. Only a decline below ?$6 would reverse

the positive status.

Point and Figure measurements provide an initial target of $9. Higher targets are also visible.

 

       http://beta.images.theglobeandmail.com/archive/00442/meisels23_442681a.jpg

 

 

Ron Meisels is a contributor to the http://www.NA-marketletter.com website. Monica Rizk is the senior technical analyst for Phases & Cycles Inc.

They may hold shares in companies profiled. Please see the site for a glossary. Chart source: http://www.decisionplus.com.

 

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MAG Silver Corporation

EXPLORATION STAGE
CODE : MAG.TO
ISIN : CA55903Q1046
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MAG Silver is a silver development stage company based in Canada.

MAG Silver holds various exploration projects in Mexico.

Its main exploration properties are GUIGUI, SELLO, LAGARTOS, BATOPILLAS, NUEVO MUNDO, SIERRA RAMIREZ, CINCO DE MAYO and JUANICIPIO in Mexico.

MAG Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.3 billions as of today (US$ 1.1 billions, € 929.9 millions).

Its stock quote reached its lowest recent point on August 13, 2004 at CA$ 0.54, and its highest recent level on March 21, 2023 at CA$ 16.44.

MAG Silver has 80 760 000 shares outstanding.

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In the News and Medias of MAG Silver Corporation
4/2/2006Follow up N° 2
Annual reports of MAG Silver Corporation
2011 Annual Results
Reports 2009 Annual Results
Financings of MAG Silver Corporation
2/23/2016Announces US$65 Million Bought Deal Financing
Nominations of MAG Silver Corporation
6/20/2013Appoints George Paspalas as President and CEO
Financials of MAG Silver Corporation
5/12/2016Reports First Quarter Financial Results
8/14/2015Reports Second Quarter Financial Results
11/14/2013Reports Third Quarter Financial Results
8/15/2013Reports Second Quarter Financial Results
5/15/2013Reports First Quarter Financial Results
8/14/2012Reports Second Quarter Financial Results
5/15/2012Reports First Quarter Financial Results
8/15/2011Reports Second Quarter Financial Results
4/1/2011MAG Silver Reports 2010 Annual Results
5/17/2010Reports First Quarter Financial Results
11/16/2009Reports Third Quarter Financial Results
8/15/2009Reports Second Quarter Financial Results
5/16/2009 Reports First Quarter Financial Results
8/14/2008REPORTS SECOND QUARTER FINANCIAL RESULTS
Project news of MAG Silver Corporation
2/17/2014Development & Exploration Update
5/28/2013Options Salamandra Project From Canasil
7/18/2012(Cinco De Mayo)Drills 61.6 Metre Silver, Gold, Zinc, Lead, Copper Massive S...
3/22/2012(Cinco De Mayo)Intercepts More Silver / Lead / Zinc Sulphides in "Bridge Zo...
12/19/2011(Juanicipio)Announces Additional Silver and Gold in Updated Juanicipio R...
11/28/2011(Cinco De Mayo)Announces Seven New Silver/Lead/Zinc Sulphide Intercepts at ...
9/2/2011(Juanicipio)Confirms New Structure in Drilling at Juanicipio
7/22/2011(Juanicipio)Provides Update on Juanicipio Joint Venture
3/29/2011(Cinco De Mayo)Announces Silver-Zinc-Lead Sulphide Veins Near Skarn at Cinc...
2/28/2011(Juanicipio)Announces High-Grade Juanicipio Vein Intercept
1/19/2010Discovers Veta Grande Vein Extension & Cuts High-Grade Silve...
1/8/2010(Cinco De Mayo)Extends Molybdenum-Gold Zone at Cinco De Mayo
11/10/2009(Cinco De Mayo)Expands High-Grade Molybdenum and Adds Significant Gold at C...
9/23/2009(Cinco De Mayo) Discovers High Grade Molybdenum With Gold at Cinco De Mayo
9/14/2009(Juanicipio)MAG Silver Reports on Juanicipio Scoping Study-Valdecanas "S...
7/10/2009(Juanicipio)Reports on the Juanicipio Joint Venture
2/24/2009(Juanicipio)Reports First Indicated Resource at Valdecanas, Juanicipio J...
1/8/2009(Juanicipio)Reports Discovery of New High Grade Encino Vein at Juanicipi...
12/10/2008(Cinco De Mayo)INTERSECTS MORE HIGH GRADE SILVER / LEAD / ZINC MINERALIZAT...
9/18/2008(Cinco De Mayo)Expands Silver / Lead / Zinc Mineralization At Cinco De Mayo
7/28/2008(Juanicipio)Reports High Grade Silver on East End of Valdeca=F1as Vein
7/16/2008(Juanicipio)Reports Deep Intersection of High Grade Silveron Valdeca=F1a...
7/8/2008(Cinco De Mayo)Expands "Jose Manto" At Cinco De Mayo With New High Grade Si...
Corporate news of MAG Silver Corporation
8/19/2016Research Reports Initiated on Silver Stocks Excellon Resourc...
6/16/2016MAG Reports NYSE MKT Ticker Change and AGSM Results
5/13/2016MAG Silver Adopts New Shareholder Rights Plan to Replace Exi...
5/12/2016MAG Silver Reports First Quarter Financial Results
5/6/2016Primary Capital Retained By RMB Australia Holdings Limited
3/30/2016MAG Silver Reports 2015 Annual Results
12/24/2015MAG Silver Files Preliminary Base Shelf Prospectus
12/23/2015MAG Silver Files Preliminary Base Shelf Prospectus
12/15/2015MAG Silver Reports New Gold and Additional Zinc Mineralizati...
10/15/2015MAG Silver (MVG) in Focus: Stock Moves 6.4% Higher
8/14/2015MAG Silver Reports Second Quarter Financial Results
8/14/2015Mag Silver reports 2Q loss
4/23/2015Widest Intercepts to Date Extend High-Grade Valdecañas Vein ...
4/23/2015IIROC Trade Resumption - MAG
4/23/2015MAG Silver Corp.: Widest Intercepts to Date Extend High-Grad...
4/23/2015IIROC Trading Halt - MAG
3/30/2015MAG Silver Reports 2014 Annual Results
6/27/2014Canada Stocks to Watch: Encana, First Quantum, Descartes and...
10/28/2013(Juanicipio)Announces Start of Juanicipio Underground Development
10/15/2013Welcomes George Paspalas as President, CEO and Director
6/19/2013Reports Voting Results from Its Annual General and Special M...
4/1/2013Reports 2012 Annual Results and Personnel Changes
10/5/2012Reports Results of the Annual General and Special Meeting of...
10/3/2012(Cinco De Mayo)Reports Initial Mineral Resource Estimate at Cinco de Mayo
9/5/2012Closes C$33.1 Million Private Placement
8/24/2012Announces Meeting and Record Date and Approval of Advance No...
8/22/2012Announces Approximately C$25 Million Private Placement
6/14/2012(Juanicipio)Reports Juanicipio Updated PEA Study Prepared by AMC
2/22/2012Announces Silver/Lead/Zinc Intercepts at La Esperanza
1/23/2012(Juanicipio)Plans Increased Exploration at Juanicipio and Cinco De Mayo
9/16/2011Reports Results of the Annual General and Special Meeting of...
5/12/2011MAG Provides Update on Favourable ICC Arbitration Decision a...
5/12/2011Provides Update on Favourable ICC Arbitration Decision and C...
5/5/2011Reports on Favourable ICC Arbitration Decision
12/1/2010MAG Silver Announces Juanicipio Resource Estimation and Expl...
4/19/2010Gold & Molybdenum Assay Results From On-Going Drilling
1/25/2010Globe & MAIL - Bullish on MAG Silver
7/15/2009Options San Ramone Property, Zacatecas
6/23/2009Responds to Fresnillo Decision to Withdraw "Take-Under" Bid
6/5/2009Provides Exploration Update for Salemex and Four Other Mexic...
5/20/2009 Reports Excellent Metallurgical Recoveries
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TORONTO (MAG.TO)AMEX (MVG)
16.44-1.44%15.01-1.44%
TORONTO
CA$ 16.44
03/21 16:00 -0.240
-1.44%
Prev close Open
16.68 16.38
Low High
15.91 16.48
Year l/h YTD var.
15.24 -  22.52 -24.24%
52 week l/h 52 week var.
14.02 -  22.75 -21.00%
Volume 1 month var.
441,036 0.244%
24hGold TrendPower© : 31
Produces
Develops
Explores for Gold - Lead - Molybdenum - Silver - Zinc
 
 
 
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