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Goldcorp Crosses Above its 10-day MA (GG)

By David Diaz

Goldcorp (NYSE:GG) crossed over its 10-day moving average of $18.00 on a volume of 2.6 million 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.

Goldcorp share prices have moved between a 52-week high of $20.38 and a 52-week low of $9.46 and are now trading 91% above that low price at $18.11 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for Goldcorp and will alert subscribers who have GG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Goldcorp

Ticker(s): GG