Large Inflow of Money Detected in AngloGold Ashanti Limited

AngloGold Ashanti Limited (AU) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $11.89 million worth of transactions were on upticks, whereas, the downticks accounted for $9.53 million worth of transactions. The net money flow was a positive $2.36 million and the uptick to downtick ratio was 1.25. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.33 in their favor. The net money flow into the stock was $0.46 million. The value of block trades done on downticks was only $1.39 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.85 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. AngloGold Ashanti Limited (AU) was trading at $21.08, down $0.18 during day. The stock slid -0.85% over the previous days close. For the week, the stock recorded 1.15% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 16.58% and the 50-Day Moving Average is 29.96%. Shares have rallied 157.32% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $21.35 and the one year low was seen on Aug 5, 2015. The 50-Day Moving Average price is $16.47 and the 200 Day Moving Average price is recorded at $13.22.

AngloGold Ashanti Limited (NYSE:AU): The stock opened at $20.71 on Thursday but the bulls could not build on the opening and the stock topped out at $21.17 for the day. The stock traded down to $20.37 during the day, due to lack of any buying support eventually closed down at $21.08 with a loss of -0.85% for the day. The stock had closed at $21.26 on the previous day. The total traded volume was 3,964,019 shares.

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining and exploration company. The company works across the spectrum of the mining value chain. The Company also produces silver, uranium and sulfuric acid as by-products. It has approximately 20 operations located in 10 countries. The Company operates in four segments: South Africa, which includes operations and assets in West Wits, Vaal River and surface operations, which includes First Uranium SA which owns Mine Waste Solutions (MWS); Continental Africa, which includes operations in the DRC, Ghana, Guinea, Mali and Tanzania; Australasia, which comprises two operations in Australia, and Americas, which includes operations in Argentina, Brazil and the United States.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.