Glencore (OTCMKTS:GLCNF) Stock Passes Below 200-Day Moving Average Of $5.96

Glencore plc (OTCMKTS:GLCNF – Get Rating)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.96 and traded as low as $5.00. Glencore shares last traded at $5.07, with a volume of 58,582 shares changing hands.

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $580.00 price target on shares of Glencore in a report on Thursday, May 26th. Barclays restated a “buy” rating and issued a $680.00 price objective on shares of Glencore in a research report on Thursday, March 24th.

The firm’s 50-day moving average is $5.94 and its 200-day moving average is $5.96.

About Glencore (OTCMKTS:GLCNF)

Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.

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