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Hecla Mining (HL) Just Overtook the 20-Day Moving Average
Hecla Mining panyHecla Mining pany(US:HL) ZACKSยท2024-08-01 14:35

Core Viewpoint - Hecla Mining (HL) has reached a significant support level and shows potential for investors from a technical perspective, with a recent bullish trend indicated by breaking through the 20-day moving average [1][2] Technical Analysis - HL has gained 11.6% over the past four weeks, suggesting a positive momentum [2] - The 20-day simple moving average (SMA) is a key indicator, with prices above this level indicating a positive trend [1] Earnings Estimates - No earnings estimates for HL have been lowered in the past two months, while one estimate has been raised for the current fiscal year, indicating a positive outlook [2] - The consensus estimate for HL has also increased, reinforcing the bullish case for the stock [2] Investment Recommendation - HL is currently ranked a Zacks Rank 1 (Strong Buy), suggesting that the stock could continue to move higher [2]