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IAMGold Corp Breaks Above 200-Day Moving Average - Bullish for IAG

By Market News Video Staff, Monday, August 22, 11:17 AM ET
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In trading on Monday, shares of IAMGold Corp (NYSE:IAG) crossed above their 200 day moving average of $19.68, changing hands as high as $20.30 per share. IAMGold Corp shares are currently trading up about 3.8% on the day. The chart below shows the one year performance of IAG shares, versus its 200 day moving average:

IAMGold Corp 200 Day Moving Average Chart

Looking at the chart above, IAG's low point in its 52 week range is $16.06 per share, with $23.38 as the 52 week high point — that compares with a last trade of $20.67.

According to the ETF Finder at ETF Channel, IAG makes up 3.44% of the Gold Miners ETF (AMEX:GDX) which is trading higher by about 3% on the day Monday.

     See what other ETFs contain IAG »
     See what other stocks are held by GDX »

IAG operates in the Precious Metals sector, among companies like Tanzanian Royalty Exploration Corp (AMEX:TRX) which is up about 0.5% today, and North American Palladium Ltd. (AMEX:PAL) trading higher by about 2.7%. Below is a three month price history chart comparing the stock performance of IAG, versus TRX and PAL.

IAG,TRX,PAL Relative Performance Chart


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IAMGold Corp Breaks Above 200-Day Moving Average - Bullish for IAG | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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