Sell Alert: October 30, 2013

| October 30, 2013

Sell Alert:  October 30, 2013


Trade Details

Sell Barrick Gold (ABX) November $19 Calls for $1.46 or better



ABX is rapidly approaching the 200-day moving average, which could provide strong resistance – and keep a lid on the stock price.  Moreover, gold’s been on a nice run lately, but I don’t see the fundamentals to support a sustained move higher at this point.

With 50.5% gains on this position, let’s take the safe route and cash out our calls here.


Recent Activity

Barrick Gold


Category: OTW Sell Alerts