Why Barrick Gold (ABX) is Your Best Buy

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Barrick Gold Corporation (NYSE: ABX ) is a top gold mining stock investment. And Barrick Gold may be your best stock to buy now.

This acquirer, explorer, and developer of gold properties and copper, silver, and zinc, pulled back from a high of almost $56 in early December. Barrick Gold stock bottomed at just under the 200-day moving average at $46 in late January on a major support line.

ABX stock jumped with a "break-away-gap" that will not only challenge the high at $55.72 but will likely break it in a run to the mid-$60s.

barrick gold abx stock

The stock recently held at its bullish support line and 50-day moving average and buying volume is increasing.  S&P has rated ABX a  "4-Star Buy" with a 12-month target of $70.

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: ABX

Sam Collins

Sam Collins

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