TradersHuddle Scanner - High Volume For Barrick Gold

Published on Wednesday, 04 April 2012 11:38 Written by TradersHuddle Wire

New York, April 4th (TradersHuddle.com) - Unusual high volume detected on shares of Barrick Gold Corporation (NYSE:ABX) early in the trading session. The pace in volume of Barrick Gold is already above average, with sellers in control, as the stock is 2.87% lower.

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 1.287 times its 3-month average volume and has calculated support and resistance at $42.20 and $44.50 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading lower by -1.18% from its previous trading close, which means that Barrick Gold stock is underperforming the overall market.