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Volume Spike Detected in Shares of Agnico-Eagle Mines as They Move Higher on 1x Above-Average Volume (AEM)

Written on Fri, 08/19/2011 - 1:45pm
By David Diaz

Shares of Agnico-Eagle Mines (NYSE:AEM) are trading up 3.7% to $65.92 today on above average volume. Approximately 2.6 million shares have traded hands today vs. average 30-day volume of 2.6 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of AEM to see if this bullish momentum will continue.
SmarTrend is monitoring the recent change of momentum in Agnico-Eagle Mines. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Agnico-Eagle Mines in search of a potential trend change.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has slid 0.37%.
In the past 52 weeks, shares of Agnico-Eagle Mines have traded between a low of $54.19 and a high of $88.20 and are now at $65.78, which is 21% above that low price.

Keywords: agnico-eagle mines unusual volume

Ticker(s): AEM

Contact David Diaz



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