Barrick Gold Corporation(ABX) has rising momentum with an uptrend

(28-Jan-2008) (28-Jan-2008) Barrick Gold Corporation(ABX) closed at 53.57, up 1.4 or 2.68 % for the day. Based on our analysis, Barrick Gold Corporation(ABX) has rising momentum with an uptrend.

The closing price of Barrick Gold Corporation(ABX) is above its 50 day moving average of 43.45 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Barrick Gold Corporation(ABX) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 25-Jan-2008, about 3 trading days ago.