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TMCNet:  Hot Stock: Alexco Resource, Shares Gain 8.1% (AXU)

[January 02, 2013]

Hot Stock: Alexco Resource, Shares Gain 8.1% (AXU)

Jan 02, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Alexco Resource (AMEX:AXU) is one of today's best performing low-priced stocks, up 8.1% to $3.86 on 1.1x average daily volume. Alexco Resource has traded 235,000 shares thus far today, vs. average volume of 212,000 shares per day. The stock has outperformed the Dow (8.1% to the Dow's 1.8%) and outperformed the S&P 500 (8.1% to the S&P's 1.8%) during today's trading.
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Potential upside of 64.6% exists for Alexco Resource, based on a current level of $3.86 and analysts' average consensus price target of $6.35. The stock should find resistance at its 200-day moving average (MA) of $4.61, as well as support at its 50-day MA of $3.79.

In the past 52 weeks, shares of Alexco Resource have traded between a low of $3.21 and a high of $8.48 and are now at $3.86, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 1.7%.

Alexco Resource Corporation is a mineral exploration and production company. The Company mines for minerals that include gold and silver.

SmarTrend recommended that its subscribers protect gains by selling shares of Alexco Resource on October 15th, 2012 by issuing a Downtrend alert when the shares were trading at $3.96. Since that call, shares of Alexco Resource have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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