LONDON, March 7, 2013 /PRNewswire/ --
Gold and the broader markets continue their bull run. As gold prices gained half a percent, Gold stocks also showed good returns. Low interest regime continues to ignite interest in gold investment, driving up the prices and the effect is clearly visible on mining stocks. On Wednesday, The Dow Jones ended the session at 14,296.24, up 0.30 percent while NASDAQ was down 0.05 percent to close at 3,222.37. S&P closed on a positive note at 1,541.46, up 0.11 percent. Our research team took a look at Basic Material sector, more precisely the gold industry, including major companies like AuRico Gold Inc. (NYSE: AUQ), Goldcorp Inc. (NYSE: GG), Barrick Gold Corporation (NYSE: ABX) and Kinross Gold Corporation (NYSE: KGC). StockCall has posted free technical research on AUQ, GG, ABX, and KGC which can be downloaded upon sign up at
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AuRico Gold Inc. shares were up on Wednesday's trading session, ending the day 3.99 percent up at $6.26. The stock fell to an intra-day low of $5.93, while its intra-day high stood at $6.41. Despite the upward move, AuRico Gold has declined more than 23 percent this year, compared to a gain of 8.08 percent for the S&P 500. The shares have strong support at around $6.20, as the stock shows a neutral trend. On the upside, the gold producer may touch $6.42 in the coming trading sessions. The stock is trading in-line with its 20-day and 50-day moving averages. Sign up and read the complimentary report on AUQ at
http://www.StockCall.com/AUQ030713.pdf
In-line with the upward movement shown by broad market indices, Goldcorp Inc.'s stock finished 4.15 percent higher at $33.35, with volume up from daily average of 5.68 million to 10.14 million. Goldcorp's stock is down so far in 2013 with its year-to-date decline at 9.13 percent. However, the stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. Goldcorp has its first support level at $32.39. In the coming trading sessions, the stock is likely to go as high as $34.59. The free report on GG can be downloaded by signing up now at
http://www.StockCall.com/GG030713.pdf
Barrick Gold Corp.'s stock rose sharply in its latest trading session. The stock closed 4.10 percent up at $29.69 with 14.21 million share volume yesterday. Despite the significant upward move, the stock is still down more than 15 percent for the year. In the past 52 weeks, Barrick Gold is down 37.39 percent. The stock currently has support at $29.41 level. The stock's MACD chart shows a neutral trend. The gold mining company may face its first resistance level at $30.30. Upon breaching this level, the stock may go as high as $32.27. Free report on ABX can be accessed by registering at
http://www.StockCall.com/ABX030713.pdf
Shares of Kinross Gold Corp. edged lower in its latest trading session, tracking up move in the broad market. The stock closed 4.24 percent higher at $7.86 on above average volume of 17.80 million on Wednesday. Kinross Gold's shares have lost more than 19 percent this year, underperforming the broad market. It has support at $7.72. Despite the upward movement, the company's shares are still trading below their 20-day and 50-day moving averages. The stock's MACD is also trading below the signal line and the zero-line. Both of these are neutral signals. Register with StockCall and download the research on KGC for free at
http://www.StockCall.com/KGC030713.pdf
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