AEM Makes Bullish Cross Above Critical Moving Average

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In trading on Friday, shares of Agnico Eagle Mines Ltd (Symbol: AEM) crossed above their 200 day moving average of $44.85, changing hands as high as $45.30 per share. Agnico Eagle Mines Ltd shares are currently trading up about 3.3% on the day. The chart below shows the one year performance of AEM shares, versus its 200 day moving average: Agnico Eagle Mines Ltd 200 Day Moving Average Chart

Looking at the chart above, AEM's low point in its 52 week range is $37.35 per share, with $51.86 as the 52 week high point - that compares with a last trade of $45.01.

According to the ETF Finder at ETF Channel, AEM makes up 5.72% of the Gold Miners ETF (Symbol: GDX) which is trading up by about 2% on the day Friday.

Click here to find out which 9 other metals stocks recently crossed above 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.

This article appears in: Investing , Commodities
Referenced Symbols: AEM , GDX

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