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Shares of ASA Down 11.6% Since Downtrend Call on Shares
Dec 13, 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 11.57% as of today's recent price of $21.18.
Over the past year, ASA has traded in a range of $20.60 to $29.38 and is now at $21.18, 3% above that low. 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
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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
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