AngloGold Ashanti (AU) NewsBite - AU Rises on Higher Gold Futures

Posted on Monday, July 14, 2008 12:36 PM
AngloGold Ashanti (AU) opened at $33.47. So far today the stock has hit a low of $32.50 and a high of $33.75. AU is now trading at $33.58, up 0.48 (1.45%). After hitting a one-year high of $51.35 in January, the stock hit a one-year low of $28.75 last month. AU shares are trading higher today, helped by rising gold futures. Technical indicators for AU are bearish and steady. For a hedged play on this stock, consider an August bull-put spread below the $30 range. AU hasn't been below 30 since a brief trough in June. The stock could lose up to 10.7% and this trade would still be profitable. [LHF- Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: MS, PBR, GM, F, MRK, BTU, NEM, BJ, PRU, UNP, TEVA, ACE (Click Symbol For Latest News)

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