TMCnet News
Upgrade Alert for Eldorado Gold (EGO)Jul 30, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Eldorado Gold (AMEX:EGO) was upgraded from Hold to Buy at Stifel Nicolaus today. The stock closed yesterday at $11.02 on volume of 5.6 million shares, above average daily volume of 4.0 million. In the past 52 weeks, Eldorado Gold share prices have been bracketed by a low of $9.78 and a high of $22.12 and closed yesterday at $11.02, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 1.2%. Eldorado Gold Corporation acquires, explores, and develops mineral properties. The Company currently has operating gold mines in Brazil, China, Turkey, Greece, and surrounding regions. Potential upside of 69.7% exists for Eldorado Gold, based on a current level of $11.02 and analysts' average consensus price target of $18.70. Eldorado Gold shares should first meet resistance at the 50-day moving average (MA) of $11.62 and find additional resistance at the 200-day MA of $14.13. SmarTrend is tracking the current trend status for Eldorado Gold and will alert subscribers who have EGO in their portfolio or watchlist when shares have changed trend direction. 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 |