Friday, July 24, 2009

Canadian Stock Alerts - July 24, 2009

Canadian Stock Alerts Update:

AVION GOLD CORPORATION - AVR.V @ .335 on 950,000 shares traded

I mentioned Avion Gold a few times this week. At 8:50am this morning the Bid/Ask are both at .34 with Level 2 showing more people on the bid than the ask. Avion has looked ready to break out every day & trades between .335 and .36

With that recent price target of .70 and the size of the bids the past few days, it appears it is being accumulated and has based in this area. But it does look like it wants to break out. If it does it may stall at .39 or with the volume this week it could very well get right into the 40's.

Avion Gold is one to keep an eye on, as usual, wait for the volume to dictate direction.

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