The Relative Strength (RS) Rating for AngloGold Ashanti moved into a new percentile Thursday, as it got a lift from 68 to 76.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if AngloGold Ashanti can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
AngloGold Ashanti is trying to complete a double bottom with a 31.46 buy point. See if it can clear the breakout price in volume at least 40% above average. Keep in mind that it's a later-stage consolidation, and those entail more risk.
The company reported 0% earnings growth in the latest quarterly report. Revenue increased 31%.
The company holds 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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