Bullish Two Hundred Day Moving Average Cross - GG
In trading on Thursday, shares of Goldcorp Inc (Symbol: GG) crossed above their 200 day moving average of $24.89, changing hands as high as $25.15 per share. Goldcorp Inc shares are currently trading up about 3.3% on the day. The chart below shows the one year performance of GG shares, versus its 200 day moving average:
Looking at the chart above, GG's low point in its 52 week range is $20.54 per share, with $32.15 as the 52 week high point - that compares with a last trade of $25.08.
According to the ETF Finder at ETF Channel, GG makes up 13.80% of the Gold Miners ETF (Symbol: GDX) which is trading higher by about 2.4% on the day Thursday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.