10Apr1:59 pmEST
It's Time to Plan a Trip to Machu Picchu
Beyond Machu Picchu, Peru is also home to Compania de Minas Buenaventura, a diversified miner threatening well-defined resistance breakout as we speak.
The ticker for Compania de Minas Buenaventura is BVN, and it has been surprisingly very much under the radar for many traders despite turning in a strong performance on its own merits for a while, as well as relative to peers in the mining space, and even the market at-large since March.
On the BVN weekly chart, below, we can see the Peruvian miner threatening to clear summer 2016 highs off the potential January 2016 bear market bottom for all miners.
$16.45 would be the precise resistance level now to gauge, with earning approaching on April 26th.
But this is clearly a standout miner and commands our attention going forward as we see the XME outperform in general today with titans like BHP waking up.
Your Money or Your Life? A S... Stock Market Recap 04/10/18 ...