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Alumina shares down 6.7% to $2.92
Edited by : AL CIRCLE
2 min read
Alumina (NYSE:AWC) is one of today's worst performing low-priced stocks, down 6.7% to $2.92 on 1.2x average daily volume. Thus far today, Alumina has traded 412,000 shares, vs. average volume of 337,000 shares per day. The stock has underperformed the Dow (-6.7% to the Dow's -0.2%) and underperformed the S&P 500 (-6.7% to the S&P's -0.5%) during today's trading.
Over the past year, Aluminahas traded in a range of $2.91 to $9.87 and are now at $2.92. The 200-day and 50-day moving averages have moved 0.81% lower and 2.49% lower over the past week, respectively.
Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent of Alcoa World Alumina and Chemicals through a joint venture with Alcoa.
Potential upside of 208.2% exists for Alumina, based on a current level of $2.92 and analysts' average consensus price target of $9.00. The stock should find initial resistance at its 50-day moving average (MA) of $3.76 and further resistance at its 200-day MA of $4.99.
SmarTrend recommended that its subscribers protect gains by selling shares of Alumina on February 14th, 2012 by issuing a Downtrend alert when the shares were trading at $5.01. Since that call, shares of Alumina have fallen 37.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Over the past year, Aluminahas traded in a range of $2.91 to $9.87 and are now at $2.92. The 200-day and 50-day moving averages have moved 0.81% lower and 2.49% lower over the past week, respectively.
Alumina Limited is an Australian resource company that produces alumina. The Company owns about forty percent of Alcoa World Alumina and Chemicals through a joint venture with Alcoa.
Potential upside of 208.2% exists for Alumina, based on a current level of $2.92 and analysts' average consensus price target of $9.00. The stock should find initial resistance at its 50-day moving average (MA) of $3.76 and further resistance at its 200-day MA of $4.99.
SmarTrend recommended that its subscribers protect gains by selling shares of Alumina on February 14th, 2012 by issuing a Downtrend alert when the shares were trading at $5.01. Since that call, shares of Alumina have fallen 37.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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