Gold Stocks Technical Review -- Allied Nevada Gold, Gold Resource, AuRico Gold, AngloGold Ashanti, and McEwen Mining Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 29, 2014 /PRNewswire/ --
On Thursday, August 28, 2014, the NASDAQ Composite ended at 4,557.70, down 0.26%, the Dow Jones Industrial Average declined 0.25%, to finish the day at 17,079.57, and the S&P 500 closed at 1,996.74, down 0.17%. The losses were broad based as seven out of ten sectors ended the session in negative. The S&P 500 Materials Sector Index ended the day at 317.58, up 0.05%, with the index also advancing 3.81% in the previous three months. Investor-Edge has initiated coverage on the following equities: Allied Nevada Gold Corporation (NYSE MKT: ANV), Gold Resource Corporation (NYSE MKT: GORO), AuRico Gold Inc. (NYSE: AUQ), AngloGold Ashanti Ltd (NYSE: AU), and McEwen Mining Inc. (NYSE: MUX). Free research on these five companies can be accessed at:
Allied Nevada Gold Corp.'s stock advanced 3.06%, to close the day at $3.71. The stock recorded a trading volume of 2.18 million shares, below its three months average volume of 2.74 million shares. The stock oscillated between $3.62 and $3.75 during the session. Over the last one month and over the past three months, Allied Nevada Gold Corp.'s shares have surged 12.42% and 32.03%, respectively. Further, the stock has gained 4.51% since the start of this year. The stock is trading above its 50-day moving average of $3.46, while the 50-day moving average is below Allied Nevada Gold Corp.'s 200-day moving average of $3.91. Additionally, the stock traded at a PE ratio of 95.06 and has a Relative Strength Index (RSI) of 61.52. Sign up and read the free notes on ANV at:
On Thursday, shares in Gold Resource Corp. recorded a trading volume of 0.40 million shares, lower than its three months average volume of 0.77 million shares. The stock ended the day at $6.19, which was 0.32% above its previous day's closing of $6.17, and registered an intraday range of $6.13 and $6.26. Shares of the company traded at a PE ratio of 39.39. Gold Resource Corp.'s shares have gained 13.58% in the last one month, 42.30% in the previous three months and 36.64% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $5.36 and $4.97, respectively. Furthermore, shares of Gold Resource Corp. have an RSI of 64.89. The complimentary notes on GORO can be downloaded as in PDF format at:
AuRico Gold Inc.'s stock gained 1.59%, to close Thursday's session at $4.48, after oscillating between $4.43 and $4.52. The stock recorded a trading volume of 0.87 million shares, below its three months average volume of 1.49 million shares. Over the last three trading sessions and the previous three months, AuRico Gold Inc.'s shares have advanced 6.41% and 28.37%, respectively. Additionally, the stock has gained 22.40% since the beginning of this year. The stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $4.26 is above its 200-day moving average of $4.21. Further, AuRico Gold Inc.'s stock has an RSI of 54.77. Register for free on Investor-Edge and access the latest research on AUQ at:
AngloGold Ashanti Ltd's stock finished Thursday's session 0.12% higher at $16.99. A total of 0.95 million shares were traded, which was below its three months average volume of 1.94 million shares. The stock moved between $16.92 and $17.16 during the session. AngloGold Ashanti Ltd's shares have advanced 1.68% in the previous three trading sessions and 9.90% in the last three months. Additionally, from the beginning of 2014, the stock has gained an upside of 44.97%. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $17.45 is greater than its 200-day moving average of $16.09. AngloGold Ashanti Ltd's stock has an RSI of 42.98. The complete research on AU is available for free at:
On Thursday, shares in McEwen Mining Inc. fluctuated between $2.68 and $2.80 before ending the session 4.89% higher at $2.79. The stock reported a trading volume of 1.12 million shares, below its three months average volume of 2.37 million shares. Shares of the company traded at a PE ratio of 139.50. McEwen Mining Inc.'s shares have surged 4.10% in the previous three trading sessions, 34.78% in the last three months and 42.35% on YTD basis. The stock is trading above its 200-day moving average of $2.50. Moreover, shares of McEwen Mining Inc. have an RSI of 41.26. Free in depth research on MUX is available at:
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