ABX

ABX has retraced back into its breakout zone at the 50-day SMA near $10.30, aligning with an oversold RSI and attractive valuation metrics. The medium-term Stage 2 advance supports a bullish bias, while the long-term trend remains intact above the 200-day SMA. This confluence justifies a tactical buy-the-pullback entry at this major support area.

• ↑Q2 net earnings $1.22B (+50% YoY) and adj. EPS $0.82 (+74% YoY)
• ↑Gold production 796k oz in Q2 (+11% QoQ), surpassing guidance
• ↓Profitability factors weak, pressuring margins