Silver Wheaton: Testing prior resistance on strong volume in earnings (NYSE:SLW)

by Josh Silver Wheaton ($SLW ) was last at $25.21 on a volume of 4,669,450 shares, putting Silver Wheaton on track to trade about twice the daily volume. Shares have been trading with an average daily volume of 5,477,095 shares.

Technical traders are watching shares as they are testing prior resistance of $25.00. Shares have been forming an ascending triangle with a top again at the $25 level. Earnings are tonight after the close.

Shares are trading above the 50 day moving average and below the 200 day, currently located at $29.06.

52 Week Range $17.75-$41.30 Market Cap 8,961,741,413 Average Volume 5,477,095 Dividend Yield 1.99% Institutional Ownership 49.40% Insider Ownership: 0.00% Percentage of Float Short 1.20% Beta 1.63

Silver Wheaton Corporation operates as a silver streaming company.

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