Bearish Moving Average Cross by Barrick Gold (ABX)
Today, shares of Barrick Gold (NYSE:ABX) have fallen below their 10-day MA of $18.11 on a volume of 5.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $17.73, 200% above that low price. Over the past week, the 200-day moving average (MA) has gone up 2.1% while the 50-day MA has advanced 2.8%.
SmarTrend is tracking the current trend status for Barrick Gold and will alert subscribers who have ABX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Barrick Gold