Endeavour Silver For A Swing

Endeavour Silver Corp. (NYSE: EXK) is trading down around 3% today, but the silver miner is due for a bounce here and swing traders can look to start initiating a position around $7.05.

In the $6.60 level EXK has strong support, so the idea here is to initiate 1/2 a position now and save some ammo should it trade down to this level. Seeing as silver is due for a bounce, you may not get the $6.60 level we're looking for, hence the initiation of the position now.

Endeavour Silver Corp. engages in the evaluation, acquisition, exploration, development, and exploitation of mineral properties, primarily silver in Mexico.

Disclosure: no position