Barrick Gold Corp. (ABX) — This acquirer, explorer, and developer of gold properties and copper, silver, and zinc has pulled back from a recent high above $40 but fell through support at the conjunction of the 50- and 200-day moving averages.
Barrick is trading in a huge triangle with support at $29 and the intermediate trend line (shown in the chart above).
The stochastic issued a buy signal yesterday but, in order for ABX to pick up momentum, it must close above the 50- and 200-day moving averages now at around $34.
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