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Gold Miners Are Deeply Oversold—Is a Bounce around the Corner?

Annie Gilroy
Gold Miners Are Deeply Oversold—Is a Bounce around the Corner?

Moving averages help traders and investors make market entry or exit decisions. Usually, if a stock is trading below its moving averages, it indicates that the stock is oversold, and vice versa. As we can see in the above table, all the gold miners we’re reviewing in this series are trading at discounts to their 50-day and 20-day moving averages based on their closing prices on August 17.