SOURCE: Wall Street Active

February 19, 2013 08:00 ET

Early Hours Recap on AUY, NGD and HMY

Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

LONDON--(Marketwire - Feb 19, 2013) - Stocks ended on a mixed note on Friday's trading session as better-than-expected U.S. economic data was overshadowed by the G20 summit, which was held in Moscow over the weekend. After gaining in early trading, all three benchmark indexes turned negative. At the end of Friday's trading session, our research team took notice of following Gold stocks; Yamana Gold Inc. (NYSE: AUY), New Gold Inc. (NYSE MKT: NGD) and Harmony Gold Mining Co. (NYSE: HMY). Wall Street Active research team has completed free research on AUY, NGD and HMY. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at

Yamana Gold Shares Tumble
Shares of Yamana Gold Inc. ended the day 3.45% lower at $15.11 on above average volume of 7.51 million. For the week, the stock fell more than 8.5%. Year-to-date, Yamana Gold Inc. shares have fallen more than 12.2%. The stock recently fell below $16.50, which is a key support level. This is a strong bearish signal. The bearish trend is further confirmed by recent volume activity. The MACD is trading below the signal line and the zero-line. Sign up today and get useful insight about AUY for free at

New Gold Shares Also Fall Sharply
Another major gold stock that fell sharply on Friday was New Gold Inc. Shares of the Vancouver, Canada-based company ended 3.42% lower at $9.61 on above average volume of 4.51 million. The stock fell nearly 4.5% for the week. Year-to-date, NGD's shares have fallen nearly 13%. Prior to Friday's sharp decline, New Gold's shares had been trading sideways. The stock is now below $10 support level, which is a bearish signal. The stock is also trading well below its 50-day and 200-day moving averages, which further confirms the bearish trend. Free report on NGD can be accessed by registering at

Harmony Gold Shares Down Nearly 25% for the Year
One of the worst performing gold stocks this year has been Harmony Gold, the South Africa-based gold mining company. Year-to-date, its shares have fallen 24.22%. On Friday, the stock fell 4.37% to $6.79 on above average volume of 3.21 million. Despite Friday's sharp decline, the stock fell just 4.23% for the week, thanks mainly to the gains posted earlier in the week. Harmony Gold shares are trading close to $6.75 support level. The stock has seen stiff resistance at $7.25. Register with Wall Street Active and download the research on HMY for free at

Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

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