Barrick Gold Beats Expectations, Stock Rallying

Barrick Gold Beats Expectations Stock Rallying

(Finance) – Brilliant rise for Barrick Goldwhich is rising forcefully, with a gain of 7.87%.

The mining giant closed the second quarter with adjusted earnings per share of $0.32 versus the consensus estimate of $0.28.

The analysis of the stock performed on a weekly basis highlights the bullish trendline of Barrick Gold more pronounced than the trend of theS&P-500. This expresses the greater attractiveness of the stock by the market.

The medium-term trends of Barrick Gold confirms negative. On the contrary, in the short term, there is an improvement in the positive phase that reaches the most immediate resistance seen at 19.22 USD. Estimated support at 18.07. Technically we are leaning towards a new bullish trend estimated in the 20.37 area.

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