MMHVW - I’m looking at a potential Head & Shoulder leading into Elliott Waves counts 3,4 & 5. The financials are not bad on this company neither and it’s share price is below the future cash flow value at a substantial discount (> 40%). Their level of debt (16.7%) compared to net worth is satisfactory. Americas Silver Corporation engages in the acquisition,...
Earlier this month, shares of AMERICAS SILVER CORPORATION - NYSE:USAS recaptured its 200 DMA and has subsequently put in a nice rush into higher ground on the heels of the recent move in Gold to multi-year highs as we can observe in the Daily chart above. In addition, USAS now finds itself trading above all of its important moving averages 20/50/200 DMA's,...
Americas Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of precious metals and polymetallic mineral properties in the Americas. Americas Silver's level of debt (13.6%) compared to net worth is satisfactory (less than 40%). Earnings and revenue are expected to grow significantly at over 20% yearly. Looks cheap to me.
Pattern looks pretty clear to me. We see recent 3 wave corrective bounce up which means one more dip before the correction could be over. 30 to 50 cents could be a GREAT entry!