06 JULY 2011http://www.zacks.com/
4.4% RETURN SEEN TO DATE ON SMARTREND ALUMINA CALL (AWC)
Edited by : AL CIRCLE
1 min read
SmarTrend identified a Downtrend for Alumina (NYSE:AWC - Snapshot Report) on May 03, 2011 at $9.65. In approximately 2 months, Alumina has returned 4.4% as of today's recent price of $9.23.
In the past 52 weeks, shares of Alumina have traded between a low of $5.03 and a high of $11.46 and are now at $9.23, which is 83% above that low price.
Alumina is currently below its 50-day moving average of $9.51 and should find support at its 200-day moving average of $9.19. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 1.22% while the 200-day MA has risen 0.53%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Alumina.
Write to Chip Brian at cbrian@mysmartrend.com
In the past 52 weeks, shares of Alumina have traded between a low of $5.03 and a high of $11.46 and are now at $9.23, which is 83% above that low price.
Alumina is currently below its 50-day moving average of $9.51 and should find support at its 200-day moving average of $9.19. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 1.22% while the 200-day MA has risen 0.53%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Alumina.
Write to Chip Brian at cbrian@mysmartrend.com
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