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TMCNet:  Downtrend Call Working As ASA Stock Falls 9.4% (ASA)

[December 06, 2012]

Downtrend Call Working As ASA Stock Falls 9.4% (ASA)

Dec 06, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for ASA (NYSE:ASA) on October 15th, 2012 at $23.95. In approximately 2 months, ASA has returned 9.44% as of today's recent price of $21.69.

ASA share prices have moved between a 52-week high of $29.38 and a 52-week low of $20.60 and are now trading 5% above that low price at $21.69 per share. The 200-day and 50-day moving averages have moved 0.37% lower and 0.88% lower over the past week, respectively.


ASA Ltd. is a diversified closed-end management investment company incorporated in Bermuda. The Fund's objective is to provide investors a vehicle to invest in a portfolio consisting primarily of stocks of companies conducting, as a major portion of their business, gold mining and related activities.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ASA.

Log in and add ASA (ASA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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