Coeur d`Alene Mines Corporation (CDE) Price Soars Above the 50-Day Moving Average Published on 06/18/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Shares of Coeur d`Alene Mines Corporation closed above the 50-day moving average of $16.18. Technical analysts and investors who study trading patterns will view this development as a sign of strength. The price when compared to the moving average can be used as an indicator to determine the trend.
Today's closing price of $16.80 $1.10(+7.01%) may indicate that CDE may head higher in the foreseeable future assuming the moving average continues to increase. On the volume side, 5,129,239 shares exchanged hands versus the average volume of 3,129,080. Today, the stock price ranged between $15.86 - $16.95 and the stock's 52 week low is 10.0 and the high is 24.86.
Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support and resistance levels for CDE are 16.12 and 17.21 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
CXC Price at posting:
$18.00 Sentiment: ST Buy Disclosure: Held
