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IAMGOLD Has Returned 23.0% Since SmarTrend Recommendation (IAG)

Written on Tue, 12/18/2012 - 11:15am
By Amy Schwartz

SmarTrend identified a Downtrend for IAMGOLD (NYSE:IAG) on November 2nd, 2012 at $15.07. In approximately 2 months, IAMGOLD has returned 23.00% as of today's recent price of $11.60.

IAMGOLD share prices have moved between a 52-week high of $17.82 and a 52-week low of $9.20 and are now trading 26% above that low price at $11.60 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 3.2%.

IAMGOLD Corporation is a mid-tier gold mining company. The Company is focused in West Africa, the Guiana Shield of South America and in Quebec where it has a pipeline of development and exploration projects.

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

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

Keywords: spotlights iamgold

Ticker(s): IAG

Contact Amy Schwartz



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