Novagold Resources (NG) NewsBite - Higher Gold Lifts NG
Posted: Tuesday, November 24, 2009 11:22 AM EDT
Novagold Resources (AMEX: NG) opened at $5.30. So far today, the stock has hit a low of $5.28 and a high of $5.52. NG is now trading at $5.47, up $0.17 (3.21%). Over the last 52 weeks the stock has ranged from a low of $.37 to a high of $6.15. NG shares are receiving support from higher gold futures this morning. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for NG. If you are looking for a hedged play on NG the stock seems like it could be a candidate for a March covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]
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