AngloGold Ashanti (AU) NewsBite - Traders Remain Bullish On Gold Stocks And Push AU Shares Higher
Posted: Tuesday, November 10, 2009 12:29 PM EDT
By: Market Intelligence Center Staff
AngloGold Ashanti (NYSE: AU) opened at $42.11. So far today, the stock has hit a low of $42.00 and a high of $43.44. AU is now trading at $42.52, up $0.12 (0.28%). The stock hit its 52-Week high of $46.56 last month and set its 52-Week low of $13.37 last November. AU is trading higher today as investors continue to remain bullish on gold. Gold prices have turned slightly lower as we head into the afternoon session after rising as high as $1,109.70 earlier in the session. 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 bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
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