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Barrick Gold showing bearish technicals

-- barrick gold
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04/03/09 09:37
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Barrick Gold showing bearish technicals

Barrick Gold closed yesterday somewhere right in the middle of their 52 week high and low at $32.28. ~~

According to the PriceWatch alert from the Market Intelligence Center, this stock shows bearish technical indicators and Standard and Poor gives ABX neutral hold ratings at 3 STAR.

They indicate that is you want a hedged play on this stock, you should look at a January 2010 $32.50 covered call for net debt of somewhere around $25.88.

Link: Barrick Gold (ABX) PriceWatch Alert Shows Bearish Technicals


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