Barrick Gold Moving Above Resistance

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Barrick Gold Moving Above Resistance

Published on Monday, 30 January 2012 08:40 Written by Christopher Lynn

New York, January 30th (TradersHuddle.com) - Shares of Barrick Gold Corporation (NYSE:ABX) closed the trading session at $49.51 just above calculated resistance at $48.52 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

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's stock was trading in a well defined range with support at $45.20 and resistance at $48.52, given that this range was broken traders will be closely monitoring the stock

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