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Stock impact report

Iamgold (IAG) Recently Broke Out Above the 50-Day Moving Average [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
IAG surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down trend. Over the past four weeks, IAG has gained 9.7%. The company is currently ranked a Zacks Rank #2 (Buy), another strong indication the stock could move even higher. Looking at IAG's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 6 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well. Investors may want to watch IAG for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Want the latest recommendations from Zacks Investment Show less Read more
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