In a welcome move, AngloGold Ashanti saw its Relative Strength Rating improve from 70 to 79 on Friday.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they launch their biggest price moves. See if AngloGold Ashanti can continue to show renewed price strength and hit that benchmark.
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AngloGold Ashanti is building a consolidation with a 32.57 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater chance of failing since, by that point, the stock has already made a significant climb..
AngloGold Ashanti reported 0% earnings growth in the latest quarterly report. Revenue increased 31%.
The company earns the No. 20 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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