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Barrick Gold Crosses Below its 10-day MA (ABX)

By James Quinn

Today, shares of Barrick Gold (NYSE:ABX) have fallen below their 10-day MA of $21.88 on a volume of 6.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Barrick Gold share prices have moved between a 52-week high of $23.47 and a 52-week low of $5.91 and are now trading 265% above that low price at $21.59 per share. The 200-day and 50-day moving averages have moved 2.10% higher and 2.79% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Barrick Gold on June 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.62. Since that recommendation, shares of Barrick Gold have risen 18.4%. We continue to monitor ABX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Barrick Gold

Ticker(s): ABX