When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NGD - New Gold: Assessing The Technical Damage After The Drop
New Gold Inc.
It's been a volatile start to the year for miners, but few names have fared as poorly as New Gold (NGD). The stock is down 44% year-to-date, lapping an underwhelming 13% decline last year, during a year when the price of gold (GLD) rose nearly 20%. Unfortunately, recent developments suggest that this trend is not likely to change, given that half of the company's gold production is hedged at a ceiling below $1,400/oz, and Rainy River operations have been suspended temporarily for the safety of workers. Based on these negative developments,