SCCO, daily
Summary
Just a brief update on SCCO.
The company remains one of the better miners out there. Long term trend is clearly higher, and so long as the main market holds together this spring, SCCO will probably be trading somewhere in the 50s by the early summer.
The immediate price action could easily be a simple ABC correction...with the B wave perhaps now complete. We're only talking about another dollar or so lower.
A decline <37 looks extremely unlikely. For the big money..it makes for a very straightforward stop-loss.
