AngloGold Ashanti (NYSE: AU) NewsBite - AU Rises with Gold Futures

Posted: Tuesday, August 18, 2009 11:10 AM EDT

AngloGold Ashanti (NYSE: AU) opened at $36.59. So far today, the stock has hit a low of $36.15 and a high of $36.95. AU is now trading at $36.28, up $.43 (1.2%). The stock hit its 52-Week high of $43.16 in May and set its 52-Week low of $13.37 in November. AU is in positive territory today as gold futures are up fractionally after falling the past two sessions. Technical indicators for the stock are 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]

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