04 AUGUST 2013FNN Online
Buyers accumulate shares of Aluminum of China
Edited by : AL CIRCLE
1 min read
Aluminum of China is one of today's biggest movers, up 2.7% to $7.90. The S&P is trading higher by 1.0% to 1,703 and the Dow is trading 0.7% higher to 15,615.
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.
Aluminum of China has potential upside of 12.0% based on a current price of $7.90 and analysts' consensus price target of $8.85. Aluminum of China shares should first meet resistance at the 50-day moving average (MA) of $8.54 and find additional resistance at the 200-day MA of $10.25.
Aluminum of China share prices have moved between a 52-week high of $13.29 and a 52-week low of $7.25 and are now trading 9% above that low price at $7.90 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.4%.
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.
Aluminum of China has potential upside of 12.0% based on a current price of $7.90 and analysts' consensus price target of $8.85. Aluminum of China shares should first meet resistance at the 50-day moving average (MA) of $8.54 and find additional resistance at the 200-day MA of $10.25.
Aluminum of China share prices have moved between a 52-week high of $13.29 and a 52-week low of $7.25 and are now trading 9% above that low price at $7.90 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.4%.
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