Coeur D'Alene Mines (CDE:NYSE - commentary -
research) has declined all the way back to prior
support and now looks like it has cleared out all
the sellers. So the stock is in stronger hands
now and is poised to move higher. The shift in
selling pressure to buying pressure is very
obvious. This is solid confirmation that a
reversal is in the cards. At the same time, RSI
has bounced off the 30 level and is now moving
higher. Again, this is bullish confirmation of a
stock ready to advance.