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Coeur d'Alene Mines Bearish Moving Average Crossover Alert (CDE)

By David Diaz

Today, shares of Coeur d'Alene Mines (NYSE:CDE) have crossed bearishly below their 10-day moving average of $9.00 on a volume of 470K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Coeur d'Alene Mines share prices have been bracketed by a low of $6.62 and a high of $16.95 and are now at $8.86, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Coeur d'Alene Mines on June 18th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.91. Since that recommendation, shares of Coeur d'Alene Mines have risen 17.3%. We continue to monitor CDE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses coeur d'alene mines

Ticker(s): CDE