Advertisement
Canada markets closed
  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CAD/USD

    0.7298
    -0.0000 (-0.00%)
     
  • CRUDE OIL

    82.63
    -0.18 (-0.22%)
     
  • Bitcoin CAD

    88,369.93
    -3,080.16 (-3.37%)
     
  • CMC Crypto 200

    1,394.51
    -29.59 (-2.08%)
     
  • GOLD FUTURES

    2,330.40
    -8.00 (-0.34%)
     
  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • NASDAQ futures

    17,487.75
    -176.75 (-1.00%)
     
  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • NIKKEI 225

    37,987.18
    -472.90 (-1.23%)
     
  • CAD/EUR

    0.6819
    0.0000 (0.00%)
     

Gold Miners Are Deeply Oversold—Is a Bounce around the Corner?

Gold Miners Are Deeply Oversold—Is a Bounce around the Corner?

Moving averages help traders and investors make market entry or exit decisions. Usually, if a stock is trading below its moving averages, it indicates that the stock is oversold, and vice versa. As we can see in the above table, all the gold miners we’re reviewing in this series are trading at discounts to their 50-day and 20-day moving averages based on their closing prices on August 17.