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home / news releases / GATO - July Breakout: As Dollar Drops Silver Shines In Record Bullish MDA Signal

GATO - July Breakout: As Dollar Drops Silver Shines In Record Bullish MDA Signal

Gatos Silver Inc.

2024-07-16 19:13:20 ET

Summary

  • Gatos Silver shows strong positive breakout conditions, supportive momentum from the sector, and US dollar index.
  • Strongest MDA breakout conditions since January 2021 include positive sector, market momentum and stock characteristics.
  • Gatos Silver comes from the Weekly MDA breakout model up over +186.5% YTD in 2024.
  • These MDA signals in silver can be used at the stock or ETF level with bullish signals in precious metals, basic materials or related funds.
  • The count of weekly portfolios with at least one stock gaining over 10% in less than a week has increased to 294 out of 372 trading weeks (79.0%).

Introduction

For further details see:

July Breakout: As Dollar Drops, Silver Shines In Record Bullish MDA Signal
Stock Information
Company Name: Gatos Silver Inc.
Stock Symbol: GATO
Market: NYSE
Website: gatossilver.com
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