Technical Dimensions to the Market: Barrick Gold, Goldcorp, Kinross Gold, and AngloGold Ashanti

LONDON, December 16, 2013 /PRNewswire/ --

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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

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SOURCE AAA Research Reports

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