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Watch for AngloGold Ashanti to Potentially Rebound After Falling 2.04% Yesterday

By Amy Schwartz

AngloGold Ashanti (NYSE:AU) traded in a range yesterday that spanned from a low of $9.98 to a high of $10.28. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $10.27 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 79% above that low price at $10.09 per share. 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 is tracking the current trend status for AngloGold Ashanti and will alert subscribers who have AU in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders anglogold ashanti

Ticker(s): AU