Is it Time to Dump AngloGold Ashanti Limited (AU) Stock After it Has Gained 7.65% in a Week?

The market has been high on AngloGold Ashanti Limited (AU) stock recently. AU gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

AngloGold Ashanti Limited has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AU!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With AU Stock Today?

AngloGold Ashanti Limited (AU) stock is trading at $15.77 as of 9:59 AM on Monday, Aug 8, a gain of $0.79, or 5.27% from the previous closing price of $14.99. The stock has traded between $15.49 and $15.92 so far today. Volume today is less active than usual. So far 612,237 shares have traded compared to average volume of 2,747,492 shares.

More About AngloGold Ashanti Limited

Anglogold Ashanti Ltd is one of the largest gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania. Click Here to get the full Stock Report for AngloGold Ashanti Limited stock.