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TMCNet:  North American Palladium Up 10.1%, Shares Break Through Resistance (PAL)

[November 27, 2012]

North American Palladium Up 10.1%, Shares Break Through Resistance (PAL)

Nov 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- North American Palladium (AMEX:PAL) is one of today's best performing low-priced stocks, up 10.1% to $1.59 on 1.2x average daily volume. North American Palladium has traded 1.5 million shares thus far today, vs. average volume of 1.3 million shares per day. The stock has outperformed the Dow (10.1% to the Dow's -0.3%) and outperformed the S&P 500 (10.1% to the S&P's -0.0%) during today's trading.


North American Palladium share prices have moved between a 52-week high of $3.31 and a 52-week low of $1.26 and are now trading 26% above that low price at $1.58 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.7%.

North American Palladium Ltd., explores for and mines platinum group metals and certain base metals through its wholly owned subsidiary, Lac des Iles Mines Ltd.

North American Palladium has overhead space with shares priced $1.58, or 40.0% below the average consensus analyst price target of $2.64. The stock should run into initial resistance at its 50-day moving average (MA) of $1.83 and subsequent resistance at its 200-day MA of $2.23.

SmarTrend recommended that its subscribers protect gains by selling shares of North American Palladium on September 24th, 2012 by issuing a Downtrend alert when the shares were trading at $1.86. Since that call, shares of North American Palladium have fallen 22.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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