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Agnico-Eagle Mines Crosses Above its 10-day MA (AEM)

By James Quinn

Agnico-Eagle Mines (NYSE:AEM) shares have crossed bullishly above their 10-day moving average of $40.75 on a volume of 497K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Agnico-Eagle Mines share prices have moved between a 52-week high of $42.56 and a 52-week low of $21.00 and are now trading 95% above that low price at $41.01 per share. The 200-day and 50-day moving averages have moved 0.66% higher and 1.21% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Agnico-Eagle Mines and will alert subscribers who have AEM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses agnico-eagle mines

Ticker(s): AEM