Western Copper n Gold (WRN)

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New April penny stock wartch for WRN.

Penny Stocks to Watch for April 2017 (ATRS, WRN) By Alan Farley | Updated March 31, 2017 — 12:00 PM EDT
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ATRS
2.82 +2.17%
WRN
1.19 -0.83%
VHI
3.31 +0.61%
RNN
0.42 -1.64%
SXE
4.43 -0.23%
ROX
1.66 -1.77%
PLX
1.02 +2.00%
DSX
4.29 +2.88%
DSS
1.08 +0.94%
RLGT
6.00 -0.50%


2. Western Copper and Gold, Corp. (WRN)
WRN


Western Copper and Gold, Corp. (WRN) got caught in a commodity shakeout generated by doubts about the president’s infrastructure initiatives. The stock held up well through the downturn, dropping into range support at $1.20 that’s defined a floor since December. It rallied off that base on March 29 and closed above the 50-day EMA for the first time in three weeks.

The rectangle may complete the handle of a cup and handle pattern because it’s also testing resistance at the 2012 high (red line). A breakout will target the 2011 all-time high at $4.49, which may generate a larger scale breakout or topping pattern. As a result, buying within the current trading range may eventually pay off with a broader uptrend that faces no overhead resistance.