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Downtrend Call Realized As Goldcorp Stock Falls 15.0% (GG)
[October 04, 2011]

Downtrend Call Realized As Goldcorp Stock Falls 15.0% (GG)


Oct 04, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Goldcorp (NYSE:GG) on September 14, 2011 at $51.48. In approximately 3 weeks, Goldcorp has returned 15% as of today's recent price of $43.77.

In the past 52 weeks, shares of Goldcorp have traded between a low of $39.04 and a high of $56.31 and are now at $43.77, which is 12% above that low price.

Goldcorp is currently below its 50-day moving average of $50.25 and below its 200-day moving average of $48.45. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 1.03% while the 200-day MA has remained constant.




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


Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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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