Nearest Support: N/A
Catalyst: Earnings Drop Digestion
Nearest Support: $32
Catalyst: Q3 Earnings Miss The same can't be said about Barrick Gold (ABX - Get Report) today. The Toronto-based gold miner is off more than 8% this afternoon following an earnings miss of more than a dime per share short of analysts expectations. More significantly, it's shoving Barrick's price down below the stock's most recent swing low, a move that indicates weakening technicals. On a technical basis, Barrick has been the ugliest of the gold miners, trending lower even as peers showed signs of a bottom. For now, investors looking for exposure to the yellow metal should avoid this name. Cirrus Logic Nearest Resistance: $37
Nearest Support: $30
Catalyst: Q2 Numbers, Downgrade Finally, Cirrus Logic (CRUS - Get Report) is another name that's down big today -- the semiconductor firm is down around 9% as I write following earnings numbers. But the big difference is that CRUS' quarter was actually stellar. The selloff is more the result of investors' anxiety of a slowing growth trajectory (highlighted by an analyst downgrade today) than of any sort of earnings miss. While the decline is pretty large in CRUS, buyers aren't throwing in the towel just yet.