Barrick Gold Corp. (ABX)—This acquirer, explorer, and developer of gold properties and copper, silver, and zinc has pulled back from a recent high at over $40 where it is finding support at the conjunction of the 50- and 200-day moving averages.
On February 28, the 50-day moving average crossed above the 200-day moving average for a major new buy signal (gold cross) and a new Collins-Bollinger Reversal (CBR) buy signal with a target of $50.
By Sam Collins of OptionsZone.com
Subscribe to MoneyShow’s daily investment newsletter Top Pros' Top Picks and get actionable advice from our top experts, including the hottest stocks to buy and sell, ETFs and funds for short- and long-term capital appreciation, and a wide variety of dividend-paying stocks set to deliver a steady stream of safe, reliable income.
Get an edge on the markets with our weekly trading newsletter, Trading Insights, and receive timely trade ideas covering stocks, options, futures, and more to keep you on the right side of the action. From trading basics to advanced strategies and high-probability set-ups, the insights you need from our all-star lineup of trading pros is delivered straight to your inbox.
The stock market offers virtually any combination of long-term opportunities for growth and income, as well as short-term investments for trading gains. MoneyShow’s weekly Virtual Learning Letter showcases a variety of on-demand webcasts and video market commentary by top financial experts covering the hottest financial topics each week.
