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BARRICK GOLD CORP
(ABX-NYSE):
Technical Viewpoint: From a low
of $37.44 on Sep 26, 2007 prices
rallied, reaching a
high of $43.24
on Oct 15, 2007. A
decline saw prices pull back, reaching a
low of
$39.85 on Oct 22, 2007.
Another rally saw prices penetrate
resistance, closing 11/2/07
at $45.62. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 2, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 4, 2007. A P&F upside
reversal takes place at $52.00. Summary: Technical indicators have turned bullish. BUY! BARRICK GOLD CORP
(ABX-NYSE) @ $45.75 Stop: Use a protective stop of $43.75.
BARRICK GOLD CORP is currently trading @ $45.62 plus $3.12 on Nov 2, 2007. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $27.23. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.00 VS. $27.23
Risk/Reward Ratio:
5:1
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