Coeur d'Alene Mines Bearish Moving Average Crossover Alert (CDE)
Today, shares of Coeur d'Alene Mines (NYSE:CDE) have crossed bearishly below their 10-day moving average of $23.46 on a volume of 492K shares. This may provide short-term investors a chance 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 $15.15 and a high of $31.97 and are now at $23.21, 53% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 2.08% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Coeur d'Alene Mines on November 6th, 2012 by issuing a Downtrend alert when the shares were trading at $25.83. Since that call, shares of Coeur d'Alene Mines have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses coeur d'alene mines