Barrick Gold ( ABX) is another name that looks "bottomy" right now.
With gold prices unceremoniously falling off a cliff in 2013, $16 billion mining firm Barrick has found itself in the unenviable position of being the proxy for all mining stocks. That's helped to halve the value of the company's shares year-to-date. Like PRB, though, an inverse head and shoulders reversal looks like it's taking shape in Barrick. The $16 level needs to get definitively taken out for this setup to trigger - right now, shares are merely flirting with it.
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