Pair Trade Pick: Barrick Gold Corporation (ABX) and Newmont Mining Corp (NEM)

by Administrator on June 8, 2010

$ABX (Barrick Gold Corporation) and $NEM (Newmont Mining Corp.) created a profitable trade using the bampairtrading strategy. The net profit potential was $220 trading Shorting (NEM) at $56.63 while Buying (ABX) at $43.90. Entered position at 10:10am EST and exited at 10:20am EST.

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