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Eldorado Gold Breaks Above 200-Day Moving Average – Bullish for EGO

In trading on Wednesday, shares of Eldorado Gold Corp (Symbol: EGO) crossed above their 200 day moving average of $34.23, changing hands as high as $36.48 per share. Eldorado Gold Corp shares are currently trading up about 13.4% on the day. The chart below shows the one year performance of EGO shares, versus its 200 day moving average:

Eldorado Gold Corp 200 Day Moving Average Chart

Looking at the chart above, EGO’s low point in its 52 week range is $21.54 per share, with $51.16 as the 52 week high point — that compares with a last trade of $36.02.

Click here to find out which 9 other metals stocks recently crossed above their 200 day moving average »

Further EGO Research:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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