Sibanye Gold Breaks Above 200-Day Moving Average - Bullish for SBGL
In trading on Monday, shares of Sibanye Gold Ltd (Symbol: SBGL) crossed above their 200 day moving average of $9.06, changing hands as high as $9.07 per share. Sibanye Gold Ltd shares are currently trading up about 3.4% on the day. The chart below shows the one year performance of SBGL shares, versus its 200 day moving average:
Looking at the chart above, SBGL's low point in its 52 week range is $6.51 per share, with $11.56 as the 52 week high point - that compares with a last trade of $9.07.
According to the ETF Finder at ETF Channel, SBGL makes up 3.04% of the Junior Miners ETF (Symbol: JUNR) which is trading higher by about 0.1% on the day Monday.
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