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Randgold Resources Bullish Moving Average Crossover Alert (GOLD)

By David Diaz

Today, shares of Randgold Resources (NASDAQ:GOLD) have crossed bullishly above their 10-day moving average of $98.36 on a volume of 228K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Randgold Resources share prices have been bracketed by a low of $54.88 and a high of $126.55 and are now at $100.05, 82% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.9%.

SmarTrend is monitoring the recent change of momentum in Randgold Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Randgold Resources in search of a potential trend change.

Keywords: moving crosses Randgold Resources

Ticker(s): GOLD