Barrick Gold (ABX) NewsBite - ABX Higher on Rising Gold FUtures

Posted: Thursday, November 05, 2009 1:53 PM EDT

Barrick Gold (NYSE: ABX) opened at $40.20. So far today, the stock has hit a low of $39.72 and a high of $40.57. ABX is now trading at $40.37, up $0.09 (0.22%). Over the last 52 weeks the stock has ranged from a low of $19.11 to a high of $42.10. ABX shares are getting a lift from rising gold futures today. Technical indicators for the stock are bullish and S&P gives ABX a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ABX the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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