Agnico Eagle Mines Breaks Below 200-Day Moving Average – Notable for AEM
In trading on Friday, shares of Agnico Eagle Mines Ltd (Symbol: AEM) crossed below their 200 day moving average of $46.27, changing hands as low as $45.42 per share. Agnico Eagle Mines Ltd shares are currently trading off about 2.5% on the day. The chart below shows the one year performance of AEM shares, versus its 200 day moving average:
Looking at the chart above, AEM’s low point in its 52 week range is $39.30 per share, with $51.86 as the 52 week high point – that compares with a last trade of $46.06. According to the ETF Finder at ETF Channel, AEM makes up 4.85% of the Gold Miners ETF (Symbol: GDX) which is trading lower by about 2.6% on the day Friday.
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