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Downtrend Call Working As Randgold Resources Stock Falls 17.6% (GOLD)

Written on Thu, 01/10/2013 - 6:45pm
By Nick Russo

SmarTrend identified a Downtrend for Randgold Resources (NASDAQ:GOLD) on November 2nd, 2012 at $117.17. In approximately 2 months, Randgold Resources has returned 17.58% as of today's recent price of $96.57.

In the past 52 weeks, shares of Randgold Resources have traded between a low of $70.18 and a high of $127.27 and are now at $96.57, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 1.43% lower over the past week, respectively.

Randgold Resources Limited is a gold mining and exploration company. The Company conducts gold mining operations in regions throughout the gold regions of Africa.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Randgold Resources.

Log in and add Randgold Resources (GOLD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Randgold Resources

Ticker(s): GOLD

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