Gold Mining Stock Agnico Eagle Mines Ltd (Nyse: aem) is up 1.3% to $ 117.65 at the last glance, brushing a Stronger American dollar While investors promote the greenback in the middle of President Donald Trump’s latest pricing threats. Security features an advance of 50.3% for the start of the year and obtained support from the $ 115 region, after a failed June attempt to conquer its April 21, a record of $ 126.73. However, another shot on this new peak could be at hand, thanks to a historically bullish signal.
According to Rocky White, Schaeffer’s main quantitative analyst, AEM is in a standard deviation of its 80-day mobile average. Actions were above this trend in at least eight of the last 10 days of negotiation and spent 80% of the last two months above. In these parameters, eight other signals have occurred in the past five years, after which equity was higher a month later 64% of the time, with an average of 4.7%.
The options resemble an affordable route for those looking to benefit from the next security movements. This is Schaeffer’s volatility index of Aem (SVI) of 34%, which is in the 13th centile of its annual range. This indicates that optional traders are prices in low volatility expectations.
