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First Majestic Silver Has Returned 22.8% Since SmarTrend Recommendation (AG)
Mar 07, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for First Majestic Silver (NYSE:AG) on November 15th, 2012 at $21.21. In approximately 4 months, First Majestic Silver has returned 22.80% as of today's recent price of $16.38.
Over the past year, First Majestic Silver has traded in a range of $12.12 to $24.20 and is now at $16.38, 35% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.6%.
First Majestic Silver Corp. is a silver producing mining company. The Company's presently owns and operates producing silver mines in Mexico, the La Parrilla Silver Mine, the San Martin Silver Mine and the La Encantada Silver Mine.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of First Majestic Silver.
Log in and add First Majestic Silver (AG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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