Bullish Moving Average Cross by Randgold Resources (GOLD)
Today, shares of Randgold Resources (NASDAQ:GOLD) have advanced above their 10-day MA of $88.56 on a volume of 312K 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, Randgold Resources share prices have been bracketed by a low of $54.88 and a high of $101.60 and are now at $90.73, 65% above that low price. The 200-day and 50-day moving averages have moved 0.86% higher and 0.02% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Randgold Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Randgold Resources in search of a potential trend change.
Keywords: moving crosses Randgold Resources