Are You Looking for a Top Momentum Pick? Why AngloGold Ashanti (AU) is a Great Choice

Company Overview - AngloGold Ashanti currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Price Performance - Over the past week, shares of AngloGold Ashanti have increased by 4.91%, outperforming the Zacks Mining - Gold industry, which rose by 3.21% [6] - The monthly price change for AngloGold Ashanti is 15.05%, compared to the industry's 13.76% [6] - Over the past quarter, shares have increased by 29.14%, and over the last year, they have gained 96.87%, significantly outperforming the S&P 500, which moved 8.49% and 13.75% respectively [7] Trading Volume - The average 20-day trading volume for AngloGold Ashanti is 2,700,384 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for AngloGold Ashanti have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.49 to $5.16 [10] - For the next fiscal year, two estimates have also moved upwards, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong momentum indicators, price performance, and positive earnings outlook, AngloGold Ashanti is positioned as a solid momentum pick for investors [12]