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Coeur d'Alene Mines Crosses Below its 10-day MA (CDE)

Written on Mon, 01/07/2013 - 12:38pm
By Shiri Gupta

Today, shares of Coeur d'Alene Mines (NYSE:CDE) have crossed bearishly below their 10-day moving average of $24.10 on a volume of 173K 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.

Coeur d'Alene Mines share prices have moved between a 52-week high of $31.97 and a 52-week low of $15.15 and are now trading 58% above that low price at $23.87 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.7%.

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 6.2%. 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

Ticker(s): CDE

Contact Shiri Gupta



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