Why Anglo American is a share worth watching
After doubling in value since its last review, independent analyst Alistair Strang revisits this mining giant in a hunt for further gains.
26th August 2026 07:23
by Alistair Strang from Trends and Targets
We previously reviewed Anglo American (LSE:AAL) in 2023 when the price was “just” 1,970p. In the intervening period, the price obviously achieved our upward targets and we forgot our intention of revisiting the company's share value. It has now more than doubled, a solid share above 40 quid and one which urgently needs an update as further positive potentials seem to be present.
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It looks like above 4,240p should next provide a trigger point capable of promoting gains toward an initial 4,424p with our secondary, if bettered, calculating at 4,496p.
However, it’s important we mention that closure above 4,424p shall prove important from a Big Picture perspective, launching the share price into a zone where a future 5,055p works out as possible. This would indicate the possibility of a new all-time high waiting in the distant future.
Should things intend to go wrong, the share price needs below 3,470p to risk triggering reversal to an initial 2,948p with our secondary, if broken, at a potential bottom of 2,517p.
We think this share shall prove worth watching, if not intimidated by the 40 quid-plus price tag!
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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