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AngloGold Ashanti Stock Shows Rising Price Performance With Jump To 92 RS Rating

Investor's Business Daily ·  Mar 21, 2023 02:26

AngloGold Ashanti stock had its Relative Strength (RS) Rating upgraded from 87 to 92 Monday.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.


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Is AngloGold Ashanti Stock A Buy?

AngloGold Ashanti stock is building a cup without handle with a 23.46 entry. See if the stock can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

The precious metal mining company reported -3% EPS growth in its most recent report, while sales growth came in at 14%.

The AngloGold Ashanti stock holds the No. 4 rank among its peers in the Mining-Gold/Silver/Gems industry group. Osisko Gold Royalties and Caledonia Mining are among the top 5 highly rated stocks within the group.

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