Goldcorp (NYSE:GG): Breaking the trend on strong volume

by Josh Goldcorp Inc. ($GG) shares are breaking out of their price channel on strong volume today. Shares have been in a down trend this year, printing lower highs and lower lows. Today share are trading up $1.71 to $29.04 (+6.3%) on a volume of 5,702,500 shares. Average daily volume has been 7,682,115 shares.

Shares are gapping up after trading up the the 50 day moving average last session. The 200 day moving average is currently overhead at $33.61 per share.

52 Week Range $22.22-$47.42 Market Cap 23,501,875,658 Average Volume 7,682,115 Dividend Yield 2.20% Institutional Ownership 61.30% Insider Ownership: 0.00% Percentage of Float Short 1.00% Beta 0.69

Goldcorp, Inc., is a gold producer. The Company operates, explores, develops, and acquires precious metal properties in Canada, the United States, Mexico, and Central and South America.

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