BullMarketRun.com

After declining 13 consecutive trading sessions, Noront Resources (NOT, TSX-V) has become extremely oversold based on RSI and Stochastics…Noront is trading just slightly above its rising 200-day moving average of $1.55 where it should find very strong support…the stock closed today at $1.63, down three cents…for long term investors, Noront represents tremendous value at these levels…the time to buy is often when others are dumping a stock overboard, so now is clearly a no-brainer buying opportunity with Noront…some investors have been spooked with the Ring of Fire First Nations issue that has come up, but Noront has made the First Nations a priority and has an excellent working relationship with them…we suspect the First Nations are flexing their muscles because of actions of other companies and are also sending a strong message to Cliffs Natural Resources (CLF, NYSE) which recently won the takeover battle for Freewest Resources (FWR, TSX-V)…