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Bullish Moving Average Cross by AngloGold Ashanti (AU)

By David Diaz

Today, shares of AngloGold Ashanti (NYSE:AU) have advanced above their 10-day MA of $13.48 on a volume of 643K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

AngloGold Ashanti share prices have moved between a 52-week high of $22.91 and a 52-week low of $5.64 and are now trading 141% above that low price at $13.60 per share. Over the last five market days, 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 30.7%. 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