Iamgold’s common shares recently climbed 2.3% above its 20-day moving average, marking the first sustained close above this trend line since mid-November. Trading volume jumped 38% to 1.8 million shares on the breakout day, compared with an average daily turnover of 1.3 million over the past month. The relative strength index (RSI) rose to 62, up from 55 three trading sessions earlier, while the moving average convergence divergence (MACD) line crossed above its signal line for the first time in six weeks. These technical indicators suggest mounting short-term buying pressure and a potential shift from the consolidation phase that has kept the stock confined within a 10% range since late December.