Randgold Resources (GOLD) NewsBite - Gold Futures Pull Down GOLD
Posted: Monday, March 02, 2009 10:50 AM EDT
By: Market Intelligence Center Staff
Randgold Resources (NasdaqNM: GOLD) opened at $44.85. So far today, the stock has hit a low of $43.09 and a high of $45.10. GOLD is now trading at $43.21, down $2.27 (-4.99%). Over the last 52 weeks the stock has ranged from a low of $22.28 to a high of $56.28. GOLD shares are trading lower with other gold stocks today, hurt by lower gold futures. Technical indicators for the stock are neutral and S&P gives GOLD a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on GOLD the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Randgold Resources (GOLD) Stock ReportSee what our analysts have uncovered about Randgold Resources (GOLD).