Despite a merger offer, New Gold Inc. (NGD) stock keeps rising with 266% year-to-date gain. Earnings report on Feb. 18 can push it further. Bullish outlook limited by Coeur Mining's acquisition offer valuing NGD at $8.51/share. Implied volatility predicts a 19.1% move for NGD stock post-earnings.

New Gold Inc (NGD) stock has seen a significant surge on the market, gaining 266% year-to-date and over 10% in the last five sessions. There are optimistic signals for further growth, supported by a rare quantitative signal on the price chart. The impending earnings report on Feb. 18 could potentially drive the stock even higher, especially with the recent rally in gold and silver prices. However, the impending acquisition by Coeur Mining, Inc. for $7 billion poses a challenge as the current stock price represents an 8% premium over the implied value. The implied volatility (IV) suggests a potential 19.1% move post-earnings disclosure, indicating high market expectations. Investors are thus cautiously optimistic about NGD's future prospects amidst these developments.