Banro Corp (BAA)

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Banro bounds to the top of its Bollinger bands

This morning we revisit Banro Gold Corp (BAA) which we last featured in October of last year. The small gold-producing junior is worth watching for its formidable relative strength. Banro has been among the strongest resource stocks since late December, rising 25%. This move has been all the more impressive when you realize Banro has outperformed the price of gold by a measure of 5 to 1 over the same period.

Is beaten up Banro set to breakout?

This report was orignally published for INK Research subscribers before the market open on Oct. 15.
 
Thank you for joining us in a technical look at top ranked July INK Edge gold stock Banro Corp (BAA). The last 3 years have brought Banro shareholders misery, as shares have declined from highs near $15 per share down to 26.5 cents today. And while the long-term chart reveals the degree of shareholder pain, it also shows a stock that's a good candidate for a major turnaround.

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