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Fri, 20 Aug 2004

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.
Posted 11:14

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