Goldcorp (GG) Trading Slightly Lower With Falling Gold Prices

Posted: Thursday, November 19, 2009 1:06 PM EDT

Goldcorp (NYSE: GG) opened at $43.39. So far today, the stock has hit a low of $42.62 and a high of $43.55. GG is now trading at $43.54, down $0.29 (-0.66%). The stock hit its 52-Week high of $45.24 earlier this month and set its 52-Week low of $17.05 last November. Gold prices are falling a bit today, and Goldcorp is slightly lower as a result. The stock is still trading near its 52 week high which is set earlier this month. Technical indicators for the stock are and S&P does not currently have a STARS rating for GG. If you are looking for a hedged play on GG the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 33 range. [ABR-Seven Summits Strategic Investments NewsBite]

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