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Buyers Accumulate Shares of Noranda Aluminum, Up 3.4%
Edited by : AL CIRCLE
1 min read
Noranda Aluminum (NYSE:NOR) is one of today's notable stocks on the rise, up 3.4% to $8.23. The Dow is up 0.8% to 12,250 and the S&P is currently up 0.8% to 1,260.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.67 and a high of $17.82 and are now at $8.23, which is 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%.
Potential upside of 42.8% exists for Noranda Aluminum, based on a current level of $8.23 and analysts' average consensus price target of $11.75. Noranda Aluminum shares should first meet resistance at the 50-day moving average (MA) of $8.46 and find additional resistance at the 200-day MA of $11.88.
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.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.67 and a high of $17.82 and are now at $8.23, which is 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%.
Potential upside of 42.8% exists for Noranda Aluminum, based on a current level of $8.23 and analysts' average consensus price target of $11.75. Noranda Aluminum shares should first meet resistance at the 50-day moving average (MA) of $8.46 and find additional resistance at the 200-day MA of $11.88.
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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