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Bullish Moving Average Cross by Tahoe Resources (TAHO)

By James Quinn

Tahoe Resources (NYSE:TAHO) crossed over its 10-day moving average of $5.32 on a volume of 979K 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, Tahoe Resources share prices have been bracketed by a low of $4.93 and a high of $17.01 and are now at $5.52, 12% above that low price. The 200-day and 50-day moving averages have moved 0.85% higher and 3.11% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tahoe Resources on May 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $7.82. Since that call, shares of Tahoe Resources have fallen 33.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tahoe resources

Ticker(s): TAHO