Randgold Resources (GOLD) Stock Trading Up Nearly 2% Along With Rising Gold Prices
Posted: Friday, July 30, 2010 3:48 PM EDT
By: Market Intelligence Center Staff
Randgold Resources (NASDAQ: GOLD) opened at $88.69. So far today, the stock has hit a low of $88.20 and a high of $90.53. GOLD is now trading at $89.97, up $1.60 (1.81%). The stock hit its 52-Week high of $99.67 in June and set its 52-Week low of $55.06 in August. GOLD stock is trading higher today along with rising gold which is up $13.60 an ounce today to $1,182.00. Technical indicators for the stock are bullish and S&P gives GOLD a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on GOLD the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 75 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Randgold Resources (GOLD) Stock ReportSee what our analysts have uncovered about Randgold Resources (GOLD).