AngloGold Ashanti (AU) NewsBite - AU Falls on Lower Gold
Posted: Thursday, June 11, 2009 11:33 AM EDT
By: Market Intelligence Center Staff
AngloGold Ashanti (NYSE: AU) opened at $38.44. So far today, the stock has hit a low of $37.67 and a high of $38.85. AU is now trading at $38.25, down $0.94 (-2.4%). Over the last 52 weeks the stock has ranged from a low of $13.37 to a high of $43.16. Shares of AU are trading lower this morning, hurt by declining gold futures. 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 an October out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE AngloGold Ashanti (AU) Stock ReportSee what our analysts have uncovered about AngloGold Ashanti (AU).