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Barrick Gold Bullish Moving Average Crossover Alert (ABX)

By David Diaz

Barrick Gold (NYSE:ABX) crossed over its 10-day moving average of $16.42 on a volume of 6.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Barrick Gold share prices have been bracketed by a low of $5.91 and a high of $23.47 and are now at $16.82, 185% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 2.1% while the 50-day MA has advanced 2.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Barrick Gold on April 25th, 2017 by issuing a Downtrend alert when the shares were trading at $17.54. Since that call, shares of Barrick Gold have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Barrick Gold

Ticker(s): ABX