High Above Average Volume on Barrick Gold

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High Above Average Volume on Barrick Gold

Published on Monday, 30 January 2012 11:38 Written by Christian Paolinetti

abx New York, January 30th (TradersHuddle.com) - Unusual high volume detected on shares of Barrick Gold Corporation (NYSE:ABX), early in the trading session. Barrick Gold is currently trading higher by 1.33%, so definitely the buyers stepping in, as the stock's volume is already above average.

Barrick Gold Corporation (NYSE:ABX) is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.

Barrick Gold has already traded 1.108 times its 3-month average volume, and has calculated support and resistance at $45.20 and $48.52 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.69% from its previous trading close, which means that Barrick Gold stock is outperforming the overall market.

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