Technical Study: Barrick Gold Corp., Kinross Gold Corp., Goldcorp Inc., and AngloGold Ashanti Ltd

Wed Oct 23, 2013 12:11pm EDT

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Technical Study: Barrick Gold Corp., Kinross Gold Corp., Goldcorp Inc., and AngloGold Ashanti Ltd

PR Newswire

LONDON, October 23, 2013 /PRNewswire/ --

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The U.S. equity market posted gains on Tuesday, October 22, 2013. All three benchmark indexes edged higher, with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite gaining 0.57%, 0.49% and 0.24% respectively. Shares in the gold industry rallied, tracking gains in the broader market. The major movers in the industry included Barrick Gold Corporation (NYSE: ABX), Kinross Gold Corporation (NYSE: KGC), Goldcorp Inc. (NYSE: GG), and AngloGold Ashanti Ltd (NYSE: AU). AAAResearchReports.com free coverage on ABX, KGC, GG, and AU is available upon registration at:

http://www.aaaresearchreports.com/register/  

Barrick Gold Corp.'s shares rallied on Tuesday, tracking gains in the broader market. The company's shares closed at $19.88, up 4.91%, after oscillating between $19.25 and $19.91 during the trading session. A total of 18.28 million shares were traded, which is above the daily average volume of 16.44 million. The company's shares have gained 7.46% in the last three trading sessions and 13.21% in the previous three months, outperforming the S&P 500, which has gained 1.24% and 3.49% during the respective periods. Further, Barrick Gold Corp.'s stock is trading above its 50-day moving average of $18.68. Download free technical research on ABX by signing up at:

http://www.AAAResearchReports.com/ABX102313.pdf  

Shares in Kinross Gold Corp. surged on Tuesday, finishing at $5.20, up 3.17% from the previous day's closing price of $5.04. The company's shares oscillated between $5.09 and $5.25 during the trading session. A total of 11.50 million shares were traded, which is below the daily average volume of 11.64 million. The company's stock has advanced 6.56% in the previous three trading sessions, compared to a gain of 1.24% in the S&P 500 during the same period. Despite Tuesday's gains, Kinross Gold Corp.'s stock is trading below its 50-day and 200-day moving averages of $5.27 and $60.29, respectively. Register now and get access to free analysis on KGC at:

http://www.AAAResearchReports.com/KGC102313.pdf  

On Tuesday, Goldcorp Inc.'s shares rallied 4.93%, extending gains from the previous trading session. The company's shares finished the day at $26.19 after fluctuating between $25.51 and $26.27 during the trading session. A total of 9.43 million shares were traded, which is above the daily average volume of 8.32 million. The company's stock has gained 6.77% in the previous three trading sessions, outperforming the S&P 500, which has gained 1.24% during the same period. Additionally, Goldcorp Inc.'s shares are trading below their 50-day and 200-day moving averages of $27.30 and $29.56, respectively. Sign up and read our complimentary report on GG at:

http://www.AAAResearchReports.com/GG102313.pdf  

Shares in AngloGold Ashanti Ltd. rallied 9.05% on Tuesday, tracking gains in the broader market. The company's shares fluctuated between $15.21 and $16.49 before ending the day at $16.26. A total of 4.49 million shares were traded, which is above the daily average volume of 3.95 million. The company's shares have rallied 15.89% in the last three months and 25.17% in the previous one month, compared to a gain of 3.49% and 2.62% in the S&P 500 during the respective periods. Moreover, AngloGold Ashanti Ltd.'s stock is currently trading above its 50-day moving average of $13.54. The free report on AU can be downloaded by signing up now at:

http://www.AAAResearchReports.com/AU102313.pdf  

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