Stock in Focus: Puregold Price Club (PGOLD)

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Is Puregold pure… gold? I guess, you could think of it that way, based on the previous post. :)

Puregold Price Club’s (stock symbol: PGOLD) stock surged 4.35 percent in today’s trading and an all-time high was reached in the process (48.50). This was a welcome sight for PGOLD after seeing it move sideways since late-February.

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Philippine Stock Exchange, Puregold_PGOLD Daily chart, May 13, 2014

PGOLD Daily chart, May 13, 2014

The next thing for us to find out is whether 46 will hold in the coming weeks. If it does, the sky is the limit and perhaps the 60-70 area is a conservative target.

The Commodity Channel Index (CCI) surged to over +300 following today’s price action.

Do you have PGOLD in your portfolio? Share your thoughts below!

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