Shorting AG The company is overbought on all chart including daily, weekly and monthly. It will pullback and fill the gap as you see on my charting. Silver stocks are overly pumped with press releases in general. I don't recommend buying the hype at the top. Current price seems to be good for shorting for the gap to fill next month for 20%+ gain.
AG trade ideas
Looking for a Flash Crash in Silver I use First Majestic (AG) as a bell weather for the metals, especially the silver miners. We've had a nice run, so far this year. And... it will continue, but with the Brexit vote coming up in two days, I expect a big fall off for silver and especially the miners, EITHER WAY the vote goes.
Not that I'm exiting my AG or other mining stocks. But... I am accumulating DUST as a hedge. Probably not enough to compensate for this next down turn, but enough to make the correction more enjoyable.
PS: This text was supposed to be placed over the chart. Not quite sure why it's not showing up. Oh well...