Technical Dimensions to the Market: Barrick Gold, Goldcorp, Kinross Gold, and AngloGold Ashanti
LONDON, December 16, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
On Friday, December 13, 2013, the U.S. equity market edged mostly higher with the S&P 500 ending the day at 1,775.32, down 0.01%; the Dow Jones Industrial Average closing at 15,755.36, up 0.10%; and the NASDAQ Composite finishing at 4,000.98, up 0.06%. The S&P 500 Materials Sector Index edged 0.43% higher to end the day at 276.43. The S&P 500 Gold Sub Industry Index ended unchanged at 54.81; and the same edged 3.72% lower in the previous three trading sessions, compared to a loss of 1.51% in the S&P 500 during the same period. The major movers in the industry included Barrick Gold Corporation (NYSE: ABX), Goldcorp Inc. (NYSE: GG), Kinross Gold Corporation (NYSE: KGC), and AngloGold Ashanti Ltd (NYSE: AU). All these companies are tracked by AAAResearchReports.com. Free technical research on ABX, GG, KGC, and AU can be downloaded upon signing up at:
http://www.aaaresearchreports.com/register/
On Friday, Barrick Gold Corp.'s stock advanced, as the broader market edged mostly higher. The company's shares closed the day 1.70% higher at $16.74, after trading between $16.51 and $16.98. A total of 15.43 million shares were traded, which is below the daily average volume of 17.75 million. Despite Friday's gains, the company's shares have fallen by 0.77% in the previous three trading sessions, compared to a loss of 1.51% in the S&P 500 during the same period. Further, Barrick Gold Corp.'s stock is trading below its 50-day and 200-day moving averages of $17.72 and $19.58, respectively. Sign up today to read free research report on ABX at:
http://www.AAAResearchReports.com/ABX121613.pdf
Goldcorp Inc.'s stock oscillated between $21.00 and $21.46 before ending Friday's session 0.33% lower at $21.06. A total of 6.40 million shares were traded, which is below the daily average volume of 7.90 million. The company's shares have fallen by 3.13% in the previous three trading sessions, compared to a loss of 1.51% in the S&P 500 during the same period. Additionally, Goldcorp Inc.'s stock is trading near its 52-week low of $20.57 and below its 50-day and 200-day moving averages of $23.86 and $27.35, respectively. Register to download free technical analysis on GG at:
http://www.AAAResearchReports.com/GG121613.pdf
On Friday, shares in Kinross Gold Corp. fell 0.22%, even as the broader market edged mostly higher. The company's shares closed the day at $4.59, after vacillating between $4.57 and $4.70. A total of 5.97 million shares were traded, which is below the daily average volume of 9.59 million. The company's shares have fallen by 5.17% in the previous three trading sessions, compared to a loss of 1.51% in the S&P 500 during the same period. Furthermore, Kinross Gold Corp.'s stock is trading near its 52-week low of $4.47 and below its 50-day and 200-day moving averages of $4.84 and $5.59, respectively. A free report on KGC can be accessed by registering at:
http://www.AAAResearchReports.com/KGC121613.pdf
Shares in AngloGold Ashanti Ltd ended flat on Friday, even as the broader market edged higher. The company's shares ended the day at the previous day's closing price of $11.80, after fluctuating between $11.71 and $12.05. A total of 3.01 million shares were traded, which is below the daily average volume of 3.48 million. The company's shares have fallen by 6.20% in the previous three months, underperforming the S&P 500, which has gained 4.58% during the same period. Moreover, AngloGold Ashanti Ltd's stock is trading near its 52-week low of $11.62 and below its 50-day and 200-day moving averages of $14.12 and $16.08, respectively. Register with AAA Research Reports and download the research on AU for free at:
http://www.AAAResearchReports.com/AU121613.pdf
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
http://www.AAAResearchReports.com/
SOURCE AAA Research Reports
Share this article