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Novagold Resources Trading Lower on Heavy Volume, Inline With Overall Trend (NG)
[July 26, 2012]

Novagold Resources Trading Lower on Heavy Volume, Inline With Overall Trend (NG)


Jul 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Novagold Resources are trading down 25.9% to $3.99 today on above average volume. Today's volume of 11.4 million shares tops the average 30-day volume of 2.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.



SmarTrend recommended that its subscribers protect gains by selling shares of Novagold Resources on February 10th, 2012 by issuing a Downtrend alert when the shares were trading at $8.42. Since that call, shares of Novagold Resources have fallen 36.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Novagold Resources share prices have been bracketed by a current low of $3.61 and a high of $11.77 and are now at $4.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.


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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