SIA Alert: Silver Wheaton CP TSX (SLW.TO) (October 23, 2012)

SIA Charts Daily Stock Report (siacharts.com)

Silver Wheaton (SLW.TO) - Silver Wheaton (SLW.TO) has moved into the favored zone oftheSIAS&P.'TSX 60 Report a week ago with a strong performance over the last month. The first resistance level is found at $37.79. The $40 area provides the next level of resistance with the prior highs at $45.16 coming into play if the strength continues. Support is found at $32.25 and below this at $28.64.

Silver Wheaton (SLW.TO) has continued it run upwards to resistance at $40.91. A move above this could see it challenge its prior high from April 2011 at $45.16. Support is now found below at $37.05. Further support remains at $32.25 and $28.64 from the last time we looked at SLW.TO.

Green - Favoured
Yellow - Neutral
Red - Out of favour

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