AngloGold Ashanti (AU) NewsBite - AU Hits 52-Week High
Posted: Thursday, May 28, 2009 2:24 PM EDT
AngloGold Ashanti (NYSE: AU) hit a new 52-Week high of $40.85 so far today. Currently the stock is up $2.58 (6.83%) to $40.38 on 4,050,291 shares traded. Today's high is up $27.01 from a 52-Week Low of $13.37. AngloGold Ashanti stock has been showing support around $37.03 and resistance in the $38.97 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for AU. If you are looking for a hedged play on AU the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
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