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

By James Quinn

Agnico-Eagle Mines (NYSE:AEM) crossed over its 10-day moving average of $52.93 on a volume of 708K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Agnico-Eagle Mines share prices have been bracketed by a low of $21.00 and a high of $60.10 and are now at $53.41, 154% above that low price. The 200-day and 50-day moving averages have moved 1.42% higher and 2.21% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Agnico-Eagle Mines. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Agnico-Eagle Mines in search of a potential trend change.

Keywords: moving crosses agnico-eagle mines

Ticker(s): AEM