Unusual Options Trading Alert: Barrick Gold Corp. (NYSE:ABX)

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Unusual Options Trading Alert: Barrick Gold Corp. (NYSE:ABX)

A record number of Barrick Gold Corp Call contracts were traded during Thursday’s session.

There were 3.3 Call contracts traded for each Put contract yielding a 0.31 Put/Call Ratio (PCR), 5,631 Put and 18,425 Call contracts traded.

Unusual volume provides reliable clues that the stock is expected to make a move.

Investors can use PCR statistics to measure trader sentiment.

A high PCR suggests that the overall investment sentiment is Bearish and that investors expect the underlying stock to decrease in value.

A low PCR implies that investor sentiment is Bullish based on the large amount of Call options and investors expect the underlying stock to go up in value.

Volume: 7-M shares were traded which is less than the average 90 day volume of 8.5-M shares.

Barrick Gold Corporation is trading above its 20, 50, and 200-Day Moving Averages.

Shares of ABX opened Thursday at 41.38 and finished the day + 0.91 at 41.86.

The day’s trading range was between 41.02 and 41.86, the stock has gained 11.54% within the last month.

 

Performance Metrics
Week Month Quarter Half Year Year
4.19 % 9.84 % 12.53 % 4.12 % 12.61 %
The 52 wk high is: 53.26, EPS is: 4.10, P/E is 10.21, Div & Yield 0.80 (2.00%)

Analyst recommendation: Buy

1 yr price target estimate: 54.44

Performance Metrics

Week Month Quarter Half Year Year
-4.19% +11.54% +12.53% -4.12 % -12.61 %

Analysis Overall Short Intermediate Long
Bullish (0.32) Bullish (0.35) Neutral (0.21) Bullish (0.39)

Recent CandleStick Analysis Neutral

Open Gaps
Direction Date Range
up 16 Aug 2012 34.74 to 34.94

Support and Resistance
Type Value Conf.
resist. 44.32 1
resist. 42.97 2
resist. 42.20 2
supp 41.64 2
supp 40.46 4
supp 39.51 3
supp 38.69 4
supp 38.16 4
supp 37.12 3
supp 36.01 4
supp 34.92 5
supp 31.57 2

  

Technical Indicators
Ind. Short Inter Long
EMA VBu VBu VBu
MACD VBu Be VBu
RSI Bu
TDD Bu
Fibs VBu Bu Bu
Highs Be N N
Lows N VBe N
Trends N N N
Stoch. N
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

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