In the Zone

Lithium Americas Corp.

 

In the Zone this week is Lithium Americas Corp. in which trades on the New York Stock Exchange under stock symbol LAC

 

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Humboldt County in northern Nevada.

 

If you have a look at the stock chart of Lithium Americas Corp you will notice that this stock has been moving to the upside for the past 9 weeks after coming from a price low of $8.95 back in December. As for now this stock is poised to move higher in the near term.

 

What I would like to see in the week ahead is a breakout in price above $23.23 to $23.28 in order to take this stock into new price high territory.

 

As the market came to a close on trading to end the week on Friday the stock closed to end the trading session at $22.44 up $0.87 or 4.03% on heavier than average trading volume of 7.82 million. The average daily trading volume for the stock is 7.55 million.

 

As we get prepared for a holiday shortened week starting on Tuesday, please put this stock on your radar and set your price alerts for a breakout in price above $23.23.

 

By Marlin Rolle

 

Please note that all the stocks listed are not buy recommendations; please do your own due diligence or get help from a professional before trading.