Agnico Eagle Mines Ltd (NYSE: AEM)

by Christian Tharp, CMT |

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company operates through Northern Business and Southern Business segments.

Take a look at the 1-year chart of Agnico Eagle Mines Limited (NYSE: AEM) below with my added notations:

1-year chart of Agnico Eagle Mines Limited (NYSE: AEM)During the past four months, AEM has formed a clear level of resistance to watch at the $46 (red) mark. The stock has tested that mark multiple times since mid-February. A solid close above that $46 level would most likely lead to higher prices for AEM.

Good luck!

Christian Tharp, CMT

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