Goldcorp (GG) NewsBite - GG Sinks on Lower Gold

Posted: Thursday, October 22, 2009 1:54 PM EDT

Goldcorp (NYSE: GG) opened at $41.11. So far today, the stock has hit a low of $40.34 and a high of $41.23. GG is now trading at $40.84, down $0.53 (-1.28%). Over the last 52 weeks the stock has ranged from a low of $13.84 to a high of $43.41. GG shares are being pulled down today by lower gold futures. 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 December out-of-the-money bear-call credit spread above the 46 range. [ABR-Seven Summits Strategic Investments NewsBite]

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