Large Inflow of Money Detected in Goldcorp

Goldcorp (GG) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.48. The total value of inflow transactions on upticks was $40.4 million, whereas, the total value of outflow trades on downticks was $27.23 million. The total money flow was $13.17 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $14.96 million. The total value of the trades done on upticks was $17.69 million. Downticks saw transactions worth $2.73 million. The total uptick to downtick ratio stood at 6.47, mildly in favor of the bulls. Goldcorp (GG) was trading with a -5.72% change over previous days close. It fell $1.09 during the day and reached $17.97. The stock was -6.84% compared to the previous weeks close.


Also, Brokerage firm Jefferies maintains its rating on Goldcorp (NYSE:GG). As per the latest information, the brokerage house raises the price target to $20 per share from a prior target of $17. The shares have been rated Hold. The rating by the firm was issued on July 14, 2016.

Goldcorp (NYSE:GG): The stock opened at $18.67 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.70 for the day. The stock traded down to $17.87 during the day, due to lack of any buying support eventually closed down at $17.97 with a loss of -5.72% for the day. The stock had closed at $19.06 on the previous day. The total traded volume was 10,571,803 shares.

The stock has recorded a 20-day Moving Average of 5.85% and the 50-Day Moving Average is 1.6%.

Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America. The Companys principal products are gold and the byproduct silver, copper, lead and zinc. Goldcorps operating assets include four mines in Canada, two mines in Mexico, and four in Central and South America.

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