I closed out my position in Vale S.A. (VALE) at $27.44 for a gain of almost 6%. I'm also testing the waters on a gold down day to get into a stock that has been a high flyer and is now down over $2.50 per share give or take a few pennies. The stock is Randgold Resources Ltd (GOLD) and I'm in at $106.10. The stock is currently ranked #10 on the IBD 50 and is a leader in the industry and will hopefully continue on the weaker market.
The chart above is showing Randgold on a weekly chart as it dips and touches the 200-day moving average on lower than average volume and somewhat oversold indicators as spelled out by the stochastics.
