AngloGold Ashanti (AU) NewsBite - Higher Gold Lifts AU
Posted: Wednesday, July 15, 2009 11:16 AM EDT
By: Market Intelligence Center Staff
AngloGold Ashanti (NYSE: AU) opened at $36.55. So far today, the stock has hit a low of $36.03 and a high of $36.83. AU is now trading at $36.82, up $1.72 (4.9%). Over the last 52 weeks the stock has ranged from a low of $13.37 to a high of $43.16. AU shares are rising today, helped by higher 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 bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE AngloGold Ashanti (AU) Stock ReportSee what our analysts have uncovered about AngloGold Ashanti (AU).