AngloGold Ashanti (AU) NewsBite - AU Falls on Lower Gold

Posted: Monday, October 26, 2009 1:18 PM EDT

AngloGold Ashanti (NYSE: AU) opened at $42.97. So far today, the stock has hit a low of $41.10 and a high of $43.70. AU is now trading at $41.22, down $1.95 (-4.52%). Over the last 52 weeks the stock has ranged from a low of $13.37 to a high of $46.56. AU shares are being dragged down by lower gold futures today. 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 January out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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