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Gold Stocks Technical Study: Newmont Mining, IAMGOLD, Harmony Gold Mining, and Goldcorp

Editor Note: For more information about this release, please scroll to bottom.

LONDON, March 14, 2014 /PRNewswire/ --

On Thursday, March 13, 2014, the NASDAQ Composite ended at 4,260.42, down 1.46%, the Dow Jones Industrial Average fell 1.41% to 16,108.89, and the S&P 500 closed at 1,846.34, down 1.17%. The losses were board based as nine out of ten sectors ended the session in negative. The S&P 500 Materials Sector Index finished the day at 294.92, down 0.83%, while the same has gained 2.16% in the last one month. Investor-Edge.com has initiated coverage on the following equities: Newmont Mining Corporation (NYSE: NEM), IAMGOLD Corporation (NYSE: IAG), Harmony Gold Mining Company Ltd (NYSE: HMY), and Goldcorp Inc. (NYSE: GG). Free research on these four companies can be accessed at:  

http://investor-edge.com/register

Newmont Mining Corp.'s stock recorded a trading volume of 8.35 million shares, as compared with a three months average volume of 10.52 million shares. The stock ended the day at $25.48, up 1.88% and traded between $24.88 and $25.53. Shares of the company traded at a PE ratio of 6.17. Newmont Mining Corp.'s shares have gained 4.81% in the previous three trading sessions, 8.29% in the last one month and 10.64% on YTD basis. The company's shares are trading above its 50-day moving average. Newmont Mining Corp.'s 200-day moving average of $27.24 is above the 50-day moving average of $23.60. Additionally, shares of the company are trading at the Relative Strength Index (RSI) of 60.51. Sign up and read the free notes on NEM at:

http://www.Investor-Edge.com/03142014/NEM/report.pdf

On Thursday, shares in IAMGOLD Corp. rallied 6.33%, closing the day at $4.20. A total of 12.04 million shares were traded, which is above the three months average volume of 6.84 million. The company's shares oscillated between $3.94 and $4.21 during the trading session. IAMGOLD Corp.'s shares have gained 11.70% in the previous three trading sessions, 4.22% in the last one month, and 26.13% on YTD basis. The company's shares are trading above its 50-day moving average. IAMGOLD Corp.'s 200-day moving average of $4.57 is above the 50-day moving average of $3.76. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 54.71. The complimentary notes on IAG can be downloaded as in PDF format at:

http://www.Investor-Edge.com/03142014/IAG/report.pdf

Harmony Gold Mining Co. Ltd's stock finished the session at $3.70, up 4.52%. The stock recorded trading volume of 7.08 million shares as compared to a three months average volume of 2.84 million shares. The stock fluctuated between $3.54 and $3.72 during the session. Harmony Gold Mining Co. Ltd's shares have surged 12.46% in the previous three trading sessions, 19.74% in the last one month, and 46.25% on YTD basis. The company's shares are trading above its 50-day and 200-day moving averages. Harmony Gold Mining Co. Ltd's 200-day moving average of $3.32 is above the 50-day moving average of $2.96. Moreover, the stock is trading at the Relative Strength Index (RSI) of 70.13. Register for free on Investor-Edge and access the latest research on HMY at:

 http://www.Investor-Edge.com/03142014/HMY/report.pdf

On Thursday, Goldcorp Inc.'s stock recorded a trading volume of 7.94 million shares, as compared with a three months average volume of 7.81 million shares. The stock ended the day at $28.60, up 2.80% and at an intraday range of $27.56 and $28.68. Goldcorp Inc.'s shares have gained 7.16% in the previous three trading sessions, 6.00% in the last one month, and 31.98% on YTD basis. The company's shares are trading above its 50-day and 200-day moving averages. Goldcorp Inc.'s 200-day moving average of $25.62 is above the 50-day moving average of $25.02. Furthermore, the stock is trading at the Relative Strength Index (RSI) of 61.45. The complete research on GG is available for free at:

http://www.Investor-Edge.com/03142014/GG/report.pdf

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EDITOR NOTES:

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  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  • This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  • If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] Investor-edge.com.
  • For any urgent concerns or inquiries, please contact us at compliance [at] Investor-edge.com.
  • Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] Investor-edge.com for consideration.

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Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Investor-edge in this article or report according to the Procedures outlined by Investor-edge. Investor-edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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