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Wednesday, August 23, 2006


Copper Fox Metals Breakout

We highlighted Copper Fox (CUU in Canada, CPFXF in the U.S.) earlier this month as a long-term buy after the formation of an island reversal pattern. Today, after retesting the gap from the island reversal, Copper Fox broke out from the downtrend it's been in since May on good volume.

While it could always retest the breakout area, we believe Copper Fox has changed course and will establish a new uptrend toward its fair value at much higher levels. Copper Fox remains a great buy for the long term.

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