AngloGold Ashanti (AU) Is Up 7.35% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: AngloGold Ashanti (AU) - AngloGold Ashanti currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - Over the past week, AU shares increased by 7.35%, outperforming the Zacks Mining - Gold industry, which rose by 1.89% [6] - In the last month, AU's price change was 20.36%, compared to the industry's 15.38% [6] - Over the past quarter, AU shares have risen by 57.04%, and by 191.02% over the last year, while the S&P 500 only moved 8.11% and 19.22% respectively [7] Trading Volume - AU's average 20-day trading volume is 3,181,466 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, one earnings estimate for AU increased, raising the consensus estimate from $4.96 to $5.31 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, AU is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]