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Barrick Gold (ABX) NewsBite - ABX Declines on Lower Gold

Oct 28, 2009 (Fresh Brewed Media via COMTEX) --

Companies: Barrick Gold Corp. (ABX), Barrick Gold Inc (BHCXF)

Barrick Gold (NYSE: ABX) opened at $36.00. So far today, the stock has hit a low of $34.55 and a high of $36.61. ABX is now trading at $35.21, down $0.88 (-2.44%). Over the last 52 weeks the stock has ranged from a low of $17.93 to a high of $42.10. ABX shares are under pressure today from declining gold futures. Technical indicators for the stock are neutral and S&P gives ABX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ABX the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 40 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Companies: Barrick Gold Corp. (ABX), Barrick Gold Inc (BHCXF)


Related terms: futures, gold, nyse, S&P

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