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Barrick Gold Bullish Moving Average Crossover Alert (ABX)

By Amy Schwartz

Today, shares of Barrick Gold (NYSE:ABX) have advanced above their 10-day MA of $17.36 on a volume of 13.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Barrick Gold have traded between a low of $5.91 and a high of $19.73 and are now at $18.90, which is 220% 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 is monitoring the recent change of momentum in Barrick Gold. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Barrick Gold in search of a potential trend change.

Keywords: moving crosses Barrick Gold

Ticker(s): ABX