North American Palladium – Not Yet

by JDH on November 25, 2006

Recommendation: I’m not buying, and I don’t own it.

The fundamentals for palladium look good, and I’ve owned North American Palladium in the past, but the chart doesn’t look that great to me.

PDL has been in an uptrend since August (the blue lines), and successive downtrends have been broken (the red lines), so you could buy this stock.

However, I have three reasons for not buying:

1. I like to buy high and sell higher, and this stock isn’t high.

2. The MACD doesn’t look good.

3. If this was the only stock on the planet I’d buy it, but since there are so many other better places to put your money, I’d put it elsewhere first.

pdl.JPG

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