AngloGold Ashanti saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 64 to 72.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating of at least 80 as they launch their biggest climbs. See if AngloGold Ashanti can continue to rebound and clear that threshold.
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While AngloGold Ashanti is not near an ideal buy point right now, see if it manages to form and break out of a proper base.
AngloGold Ashanti reported 0% EPS growth in the latest quarterly report. Sales rose 31%.
AngloGold Ashanti holds the No. 13 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Eldorado Gold are among the top 5 highly rated stocks within the group.
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