High Yield Dividend Play:
Southern Copper Corp. (NYSE:PCU) was incorporated in Delaware in 1952. The Company is an integrated producer of copper, molybdenum, zinc and silver. All of its mining, smelting and refining facilities are located in Peru and in Mexico and the Company conducts exploration activities in those countries and Chile. Its operations make the Company a mining Company in Peru and also in Mexico. Southern Copper is the publicly traded copper mining Company in the world based on reserves and the fifth copper mining Company in the world based on 2004 sales. (Source: Bigcharts)

Elements of the screen on this play include the following:
• Current Dividend Yield between 5-12%
• Average Daily Volume Last Quarter > 80,000
• Return on Equity > 10%
• Market Capitalization > 500,000,000

Current statistics for PCU are:
• Current Dividend Yield: 10.05% (Annual)
• Average Daily Volume Last Quarter: 2,434,077
• Return on Equity: 54.61%
• Market Capitalization > 15,953,890,000

Technical aspects include the following:
• Buy signal on MACD indicator
• Buy signal on DMI indicator
• Breakout above consolidation
• Successful test of breakout and new support level

Source: Bigcharts

Our Recommendation: Buy shares of Southern Copper Corp. (NYSE:PCU) at or near $54.73. Install a 5% stop loss or place your stop near $49.50, which is located just below major support of $50/share.