12 APRIL 2013FNN Online
Aluminum of China's shares up 1.3%
Edited by : AL CIRCLE
1 min read
Aluminum of China is one of today's biggest movers, up 1.3% to $9.32. The Dow is trading fractionally higher to 14,619 and the S&P is currently trading fractionally higher to 1,564.
Aluminum Corporation of China Limited is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts alumina to produce primary aluminum.
Potential upside of 3.8% exists for Aluminum of China, based on a current level of $9.32 and analysts' average consensus price target of $9.67. Aluminum of China shares should first meet resistance at the 50-day moving average of $10.71 and find additional resistance at the 200-day MA of $10.79.
In the past 52 weeks, Aluminum of China share prices have been bracketed by a low of $8.98 and a high of $13.29 and are now at $9.32, 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.2%.
Aluminum Corporation of China Limited is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts alumina to produce primary aluminum.
Potential upside of 3.8% exists for Aluminum of China, based on a current level of $9.32 and analysts' average consensus price target of $9.67. Aluminum of China shares should first meet resistance at the 50-day moving average of $10.71 and find additional resistance at the 200-day MA of $10.79.
In the past 52 weeks, Aluminum of China share prices have been bracketed by a low of $8.98 and a high of $13.29 and are now at $9.32, 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.2%.
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