24 AUGUST 2011china aluminium network
ALUMINUM OF CHINA FALLS 1.77% ON HEAVY VOLUME: WATCH FOR POTENTIAL REBOUND (ACH)
Edited by : AL CIRCLE
1 min read
Aluminum of China (NYSE:ACH - Analyst Report) traded in a range yesterday that spanned from a low of $15.51 to a high of $16.00. Yesterday, the shares fell 1.77%, which took the trading range below the 3-day low of $15.79 on volume of 353,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Shares of Aluminum of China are currently trading below their 50-day moving average (MA) of $19.87 and below their 200-day MA of $22.52. Look for the MA to provide resistance for a short-term rebound in the shares.
Shares of Aluminum of China are currently trading below their 50-day moving average (MA) of $19.87 and below their 200-day MA of $22.52. Look for the MA to provide resistance for a short-term rebound in the shares.
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