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

on September 28 2012 10:05 AM

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 MetricsWeek Month Quarter Half Year Year4.19 % 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 LongBullish (0.32) Bullish (0.35) Neutral (0.21) Bullish (0.39)

Recent CandleStick Analysis Neutral

Open GapsDirection Date Rangeup 16 Aug 2012 34.74 to 34.94

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

  

Technical IndicatorsInd. Short Inter LongEMA VBu VBu VBuMACD VBu Be VBuRSI BuTDD BuFibs VBu Bu BuHighs Be N NLows N VBe NTrends N N NStoch. NVBu=Very Bullish, Bu=BullishN=NeutralBe=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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