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Top Stock #2: Barrick Gold Corp. (ABX)
This acquirer, explorer and developer of gold properties and other metals, has pulled back from its 2009 high at over $48 and is stabilizing between
the 50- and 200-day moving averages.Barrick Gold Corp. (ABX) repeatedly rewarded traders in 2009, and
the recent correction in the stock gives us another opportunity to trade Barrick to at least $45.50. But longer-term investors may want
to hold onto this premier gold miner for another major advance. Note the recent buy signal from the stochastic indicator.Ford Equity Research rates ABX a “strong buy.”
Find out why gold is The
No. 1 Sector to Invest in for 2010.
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