This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Volatile Gold Mining Stocks and How to Trade Them on Technicals

AngloGold (AU) ($17.03) is up a solid 45% year to date. The stock traded as low as $11.14 on Dec. 19, crossed above its 200-day SMA at $14.37 on Feb. 4 and traded as high as $19.53 on March 14. AngloGold traded as low as $15.32 on May 29, staying above its 200-day SMA, which is now at $16.06.

The weekly chart is negative, with its five-week MMA at $17.37. It is well below its 200-week SMA at $30.88. A semiannual value level is $14.45, with monthly and annual risky levels at $18.68 and $19.23, respectively.

Yamana Gold (AUY) ($8.38) has slipped 2.8% year to date. The stock traded as low as $8.31 on Dec. 3, crossed above its 200-day SMA at $10.07 on Feb. 11 and traded as high as $10.70 on March 14. Yamana did not stay above its 200-day for very long, falling back below it on March 19. The stock traded to a multiyear intraday low at $7.02 on May 29 before rebounding to its 200-day SMA at $8.71.

The weekly chart shifts to negative given a close on Friday below its five-week MMA at $8.42, and is well below its 200-week SMA at $12.94. Monthly and quarterly value levels are $7.95 and $7.89, respectively, with semiannual risky levels at $12.42 and $12.95.

Goldcorp  (GG) ($27.49) is up a solid 27% year to date. The stock traded as low as $20.54 on Dec. 19, crossed above its 200-day SMA at $25.74 on Feb. 10 and traded as high as $29.27 on March 14. Goldcorp crossed back below its 200-week SMA at $25.52 on March 24 and traded as low as $22.68 on June 3. The stock has been above its 200-day SMA at $25.13 since June 17 and out-performed gold trading to a new 2014 high at $29.65 on August 14.

The weekly chart shifts to negative given a close on Friday below its five-week MMA at $27.58. The stock is well below its 200-week SMA at $37.43. Semiannual and quarterly value levels are $24.55 and $20.73, respectively, with a monthly pivot at $27.61 and semiannual and annual risky levels at $32.80 and $43.72, respectively.

Newmont Mining (NEM - Get Report) ($26.61) is up 16% year to date. The stock traded as low as $20.79 on Feb. 6, lagging the price of gold. The stock closed above its 200-day SMA at $26.19 for one day only on April 25. Newmont traded as low as $22.22 on June 3, and has been above its 200-day SMA at $24.45 since July 9, trading to its 2014 high at $27.39 on August 13, outperforming gold.

The weekly chart is positive but overbought, with its five-week MMA at $25.78. The stock is well below its 200-week SMA at $44.35. Monthly and semiannual value levels are $22.46 and $21.47, respectively, with an annual risky level at $34.34.

Read More: 7 ETFs That Take Advantage of the Fed Stimulus Pullback

Royal Gold (RGLD) ($75.79) is up a solid 65% year to date. The stock traded as low as $42.56 on Dec. 3 and has been above its 200-day SMA at $50.98 since Jan. 13, leading the price of gold. The 200-day SMA is now at $62.85, with the stock setting its 2014 high at $82.84 on August 13.

The weekly chart shifts to negative given a close on Friday below its five-week MMA at $75.99. The stock is above its 200-week SMA at $64.71. A semiannual value level is $72.24, with a semiannual pivot at $75.11 and annual and monthly risky levels at $78.81 and $83.36, respectively.

Up next: charts on how to trade these stocks.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ABX $12.52 0.00%
NEM $24.98 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs