Trigger 1.04 the 100dma Target $1.90 200dma-- That is just the first Target, The GOLD Sector is HOT and BAA can return to 52 week high of $5.15
BAA Banro Corporation is engaged in the exploration and development of four gold properties, which are known as Twangiza, Namoya, Lugushwa and Kamituga.
Price and Volume Recent Price 0.94 52 Week High 5.15 52 Week Low 0.62 Outstanding Shares: 252,101,000 Total Shares Held By Institutions: 204 Million or 82%
Fundamentals Triple / 200% production increase expected in next quarter.
$315 Million BAA Gold 225,000 -240,000oz per annum during 2014 That's calculating 225,000 Oz at $1350.00
Technical Analysis BAA now looks ready to trigger a big breakout trade as the stock flirts with a break of the 100 day moving average.
If you take a look at the chart for Banro, you'll notice that this stock has been uptrending strong for the last month and change, with shares soaring higher from its low of 62 cents per share to its recent high of $1.19 a share. During that uptrend, shares of BAA have been consistently making higher lows and higher highs, which is bullish technical price action.
What's significant about this recent uptrend is that it's coming after a massive downtrend that took BAA from $2.59 to that 62-cent low. Shares of BAA are now quickly moving within range of triggering a major breakout trade.
A move above the 100-day moving average line at $1.05. That line was the reason the July breakout effort failed, and shares have tried to clear it in the latter part of this week to no avail. But, the buyers are still trying. Given enough time here in the shadow of that first higher low, I think we'll see BAA move above the 100-day line, and if it does, then it's off to the races.
News 
Market Data 
Discover 
AI
