(SmarTrend(R) Market Surveillance via COMTEX) – Today, shares of Yamana Gold (NYSE: AUY | Quote | Chart | News | PowerRating) have crossed bearishly below their 10-day moving average of $10.13 on volume of 7 million shares.

This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.

SmarTrend issued a Downtrend Alert for Yamana Gold on January 21, 2010 at $10.98. In approximately 2 months, Yamana Gold has returned 9.3% as of today’s recent price of $9.96.

We will continue to monitor AUY’s share price relative to this moving average.

Write to Chip Brian at cbrian@tradethetrend.com

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