Technical Analysis: AngloGold Ashanti (AU) Downgraded at Goldman Sachs

AngloGold Ashanti (NYSE:AU) downgraded to Sell at Goldman Sachs. The stock closed yesterday at $40.67 on volume of 1,402,200 shares, below the average daily volume of 1,969,146.
In the past 52-weeks, shares of AngloGold Ashanti have traded between a low of $32.77 and a high of $47.52 and are now at $40.67, which is 24.1% above that low price. AngloGold Ashanti is currently below its 50-day moving average (MA) of $42.16 and below its 200-day MA of $40.91. In the last five trading sessions, the 50-day MA has climbed 0.15% while the 200-day MA has slid 0.14%.
AngloGold Ashanti Limited is a holding company for a group of companies which explore for and mine gold internationally. The Group has operations in the Vaal River and West Witwatersrand areas of South Africa as well as Namibia, Mali, Brazil, Argentina, Australia, Tanzania and the United States.

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