Bullish Two Hundred Day Moving Average Cross – NG
In trading on Wednesday, shares of NovaGold Resources Inc. (Symbol: NG) crossed above their 200 day moving average of $4.17, changing hands as high as $4.30 per share. NovaGold Resources Inc. shares are currently trading up about 6.5% on the day. The chart below shows the one year performance of NG shares, versus its 200 day moving average:
Looking at the chart above, NG’s low point in its 52 week range is $3.35 per share, with $6.21 as the 52 week high point – that compares with a last trade of $4.25. NG makes up 6.72% of the Gold Explorers ETF (Symbol: GLDX)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.