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« Tell us about your best stock | Main | Laramide Resources Ltd: Up 50.22% in 4 weeks! »
Monday
Feb192007

Rampart Ventures Inc: Interesting chart

Taking a look at the figures this stock has 63 million shares outstanding and closed on Friday at $0.40 giving it a market capitalization of $25.00 million.

So it is a fairly small operation at the moment, however when we first wrote about it in September, the market capitalization was around $7.00 million so the stock has made some progress since then. We did not buy it then as it appeared to be stuck in a downtrend. On reflection maybe we should have took the attitude of first in, best dressed, but we elected to wait until we could see a positive change in direction.

This brings us on to Ramparts chart. We can now see an upward trend has been in the making since it bottomed in October, which is an encouraging sign. We can also see that the 50DMA has crossed the 200DMA in an upward swing, which is generally regarded as a positive indication that the stock has further to go. This is by no way a guarantee that the stock will continue on an upward path, it is only one of many indicators of what might happen. Should some disappointing news about any company hit the airwaves then we could experience an adverse reaction regardless of the chart interpretations.

rpt1


The Split Rapids Area Drill Program is now underway in Ontario so let’s hope for some good results for this uranium explorer.

We will make a small investment and continue to monitor Ramparts progress.


19 February 2007



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Reader Comments (6)

Yea -- chart looks like it wants to move higher. Not many uranium stocks above the 50 and 200, so something might be going on with this one. The real test is moving above .45 cents. That would be a good indicator of higher prices as price stalled a few times in that area.
May you all prosper.

April 3, 2008 | Unregistered CommenterNBKid

Yeah, Rampart rocks like a fireball. Very much activity in this stock.....

April 3, 2008 | Unregistered CommenterMyKel

Be careful guys - look at the date on the chart,,,,,,,,,,,,

April 3, 2008 | Unregistered CommenterBob

Team,

We have tried to group our articles together in order to save you the effort of searching the whole site to see what we had previously written. It works well for companies as the computer can recognise FRG for instance and group all the FRG articles together.

However with articles of a more general nature the word search can pull up some odd results. So, do take care when reading 'associated articles' as they may well be out of date.

April 3, 2008 | Unregistered CommenterUranium Stocks

Thanks for your comments.
About Rampart: Is your opinion still the same at the moment (still hold)?
Regards,
MyKel

April 3, 2008 | Unregistered CommenterMyKel

MyKel, Yes we are holding on to Rampart.

April 3, 2008 | Unregistered CommenterUranium Stocks

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