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

Stocks in this article: ABX AU AUY GG NEM RGLD

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.

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