Large Inflow of Money Witnessed in Silver Wheaton Corp

Silver Wheaton Corp (SLW) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $35.82 million worth of transactions were on upticks, whereas, the downticks accounted for $32.72 million worth of transactions. The net money flow was a positive $3.1 million and the uptick to downtick ratio was 1.09. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.62 in their favor. The net money flow into the stock was $2.64 million. The value of block trades done on downticks was only $1.63 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.26 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Silver Wheaton Corp (SLW) was trading at $24.9, down $0.71 during day. The stock slid -2.77% over the previous days close. For the week, the stock recorded 0.48% over the previous weeks close.


Silver Wheaton Corp (SLW) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $17. The average forecast of all the analysts is $22.19 and the expected standard deviation is $3.75. The stock has recorded a 20-day Moving Average of 13.68% and the 50-Day Moving Average is 22.75%.

Silver Wheaton Corp (NYSE:SLW): The stock opened at $25.21 on Thursday but the bulls could not build on the opening and the stock topped out at $25.28 for the day. The stock traded down to $24.43 during the day, due to lack of any buying support eventually closed down at $24.90 with a loss of -2.77% for the day. The stock had closed at $25.61 on the previous day. The total traded volume was 8,698,696 shares.

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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