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Buyers Accumulate Shares of Noranda Aluminum, Up 2.0%
Edited by : AL CIRCLE
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Noranda Aluminum (NYSE:NOR) is one of today's biggest movers, up 2.0% to $9.21. The Dow is trading fractionally lower to 13,024 and the S&P is currently trading fractionally higher to 1,371.
Noranda Aluminum has overhead space with shares priced $9.21, or 31.8% below the average consensus analyst price target of $13.50. The stock should run into initial resistance at its 200-day moving average (MA) of $10.00 and subsequent resistance at its 50-day MA of $10.72.
Over the past year, Noranda Aluminum has traded in a range of $6.67 to $17.82 and is now at $9.21, 38% above that low. The 200-day and 50-day moving averages have moved 0.89% lower and 1.9% lower over the past week, respectively.
Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills.
Noranda Aluminum has overhead space with shares priced $9.21, or 31.8% below the average consensus analyst price target of $13.50. The stock should run into initial resistance at its 200-day moving average (MA) of $10.00 and subsequent resistance at its 50-day MA of $10.72.
Over the past year, Noranda Aluminum has traded in a range of $6.67 to $17.82 and is now at $9.21, 38% above that low. The 200-day and 50-day moving averages have moved 0.89% lower and 1.9% lower over the past week, respectively.
Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills.
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