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GOLD Makes Notable Cross Below Critical Moving Average


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In trading on Monday, shares of Randgold Resources, Ltd. (Symbol: GOLD) crossed below their 200 day moving average of $94.97, changing hands as low as $90.51 per share. Randgold Resources, Ltd. shares are currently trading off about 8% on the day. The chart below shows the one year performance of GOLD shares, versus its 200 day moving average: Randgold Resources, Ltd. 200 Day Moving Average Chart

Looking at the chart above, GOLD’s low point in its 52 week range is $83.18 per share, with $108.29 as the 52 week high point – that compares with a last trade of $91.30. According to the ETF Finder at ETF Channel, GOLD makes up 4.38% of the Gold Miners ETF (Symbol: GDX) which is trading lower by about 0.9% on the day Monday.

Click here to find out which 9 other metals stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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