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Barrick Gold (ABX) Upgrade Alert, Watch for 4.9% Technical Uptrend Continuation

Oct 30, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Barrick Gold Corp. (ABX)

Barrick Gold (NYSE:ABX) upgraded to Action Buy List at TD Newcrest. The stock closed yesterday at $37.03 on volume of 15,748,000 shares, above average daily volume of 10,959,451.

Barrick Gold is currently above its 200-day moving average of $34.43 and should find resistance at its 50-day moving average of $37.26.

SmarTrend is bullish on shares of ABX and our subscribers received an Uptrend alert on July 20, 2009 at $35.29, which has returned 4.9% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Barrick Gold Corp. (ABX)


Related terms: gold, market, nyse, securities

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