TMCNet:  Shares of ASA Down 11.6% Since Downtrend Call on Shares

[December 13, 2012]

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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