Don't Ignore This Chart!

DROOY - Bullish CMF Signal Confirmed by Long-Term Crossover

Chip Anderson

Chip Anderson

President, StockCharts.com

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Durban Roodeport Deep (DROOY) is a major gold mining company in South Africa.  Their stock jumped in late November generating a "buy" signal from the standard 20-day Chaiken Money Flow (CMF) in early December.  The longer term moving averages for DROOY crossed today providing a major technical "buy" signal for the stock.

Chip Anderson
About the author: is the founder and president of StockCharts.com. He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. Since 1999, Chip has guided the growth and development of StockCharts.com into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site. Learn More