Coeur d'Alene Mines Bearish Moving Average Crossover Alert (CDE)
Coeur d'Alene Mines (NYSE:CDE) crossed under its 10-day moving average of $23.90 on a volume of 536K shares. This may provide swing traders with 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 $15.15 and a high of $31.97 and are now at $23.75, 57% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.6%.
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 5.9%. 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