AngloGold Ashanti (AU) NewsBite - AU Falls on Lower Gold
Posted: Wednesday, October 14, 2009 2:43 PM EDT
By: Market Intelligence Center Staff
AngloGold Ashanti (NYSE: AU) opened at $46.18. So far today, the stock has hit a low of $45.60 and a high of $46.20. AU is now trading at $45.65, down $.30 (-0.65%). Over the last 52 weeks the stock has ranged from a low of $13.37 to a high of $46.56. AU shares are declining with other gold stocks today, hurt by lower gold futures. 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 a January out-of-the-money bear-call credit spread above the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE AngloGold Ashanti (AU) Stock ReportSee what our analysts have uncovered about AngloGold Ashanti (AU).