Large Inflow of Money Detected in Silver Wheaton Corp

Silver Wheaton Corp (SLW) : $20.45 million worth of transactions were on upticks in Silver Wheaton Corp (SLW), compared to $13.7 million on downticks. The ratio between the two was 1.49, whereas, the net money flow stood at a healthy $6.75 million on Thursdays session.The block trades show a bullish bias with only $0.51 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $6.24million worth of trades. The up-down ratio between the uptick and downtick was 12.17, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $5.73 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.07%. The stock was trading at $26.16, with a drop of $0.02 over the previous days close. The stock recorded 1.45% for the week.


The stock has recorded a 20-day Moving Average of 13.76% and the 50-Day Moving Average is 25.69%. Shares have rallied 77.76% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $26.41 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $21.36 and the 200 Day Moving Average price is recorded at $17.18.

Silver Wheaton Corp (NYSE:SLW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.44 and $25.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.26, notching a gain of 0.31% for the day. The total traded volume was 5,335,764 . The stock had closed at $26.18 on the previous day.

Silver Wheaton Corp. (Silver Wheaton) is a Canada-based mining company. The Company is engaged in pure precious metals streaming and generates its revenues from the sale of silver and gold. As of December 31, 2014, Silver Wheaton had entered into 18 long-term purchase agreements and one early deposit long-term purchase agreement associated with silver and gold (precious metal purchase agreements), relating to 27 different mining assets, whereby Silver Wheaton acquired silver and gold production from the counterparties for a per ounce cash payment which was fixed by contract, generally at or below the prevailing market price. As of December 31, 2014, gold and silver interests owned by Silver Wheaton included San Dimas and Penasquito in Mexico; Yauliyacu, Lagunas Norte and Pierina in Peru; 777, Canada; Salobo, Brazil; Sudbury and Minto in Canada; Veladero, Argentina; Zinkgruvan, Sweden, and Neves-Corvo and Aljustrel in Portugal.

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