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TMCNet:  Harmony Gold Mining Down 10.3% Since SmarTrend Downtrend Call (HMY)

[December 06, 2012]

Harmony Gold Mining Down 10.3% Since SmarTrend Downtrend Call (HMY)

Dec 06, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Harmony Gold Mining (NYSE:HMY) on October 2nd, 2012 at $8.35. In approximately 2 months, Harmony Gold Mining has returned 10.30% as of today's recent price of $7.49.


Harmony Gold Mining share prices have moved between a 52-week high of $14.32 and a 52-week low of $7.46 and are now trading 1% above that low price at $7.50 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.7%.

Harmony Gold Mining Company Limited is a mining company which produces gold from its operations in the district of Virginia, Orange Free State. Harmony owns and operates the Harmony, Randfontein, Evander, Consolidated Modderfontein, Grootvei and Bissett gold mines. Harmony also has gold mining operations in Australia.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Harmony Gold Mining.

Log in and add Harmony Gold Mining (HMY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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