Randgold Resources (GOLD) NewsBite - One of Today's Top Gainers So Far

Posted: Friday, November 21, 2008 2:39 PM EDT

Randgold Resources (GOLD) leads the list of top gainers so far today and is now at $30.77, up $4.04 (15.11%) on volume of 1,713,417 shares traded. Over the last 52 weeks the stock has ranged from a low of $22.28 to a high of $56.28. Randgold Resources stock has been showing support around $24.98 and resistance in the $29.24 range. 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 December out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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