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Bullish Moving Average Cross by AngloGold Ashanti (AU)

By David Diaz

AngloGold Ashanti (NYSE:AU) shares have crossed bullishly above their 10-day moving average of $15.84 on a volume of 1.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, AngloGold Ashanti has traded in a range of $5.64 to $22.91 and is now at $16.08, 185% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.8% while the 50-day MA has advanced 2.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of AngloGold Ashanti on August 19th, 2016 by issuing a Downtrend alert when the shares were trading at $19.28. Since that call, shares of AngloGold Ashanti have fallen 21.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses anglogold ashanti

Ticker(s): AU