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Century Aluminum bearish moving average crossover alert
Edited by : AL CIRCLE
1 min read
Today, shares of Century Aluminum have crossed bearishly below their 10-day moving average of $7.33 on a volume of 281K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Century Aluminum has overhead space with shares priced $7.17, or 15.6% below the average consensus analyst price target of $8.50. The stock should run into initial resistance at its 200-day moving average of $7.64 and subsequent resistance at its 50-day MA of $8.25.
Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United States. The Company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly, South Carolina. Century is also the operating partner of a reduction facility in Hawesville, Kentucky.
Century Aluminum share prices have moved between a 52-week high of $9.70 and a 52-week low of $5.52 and are now trading 30% above that low price at $7.17 per share. Over the last five market days, the 200-day moving average has remained constant while the 50-day MA has declined 1.2%.
Century Aluminum has overhead space with shares priced $7.17, or 15.6% below the average consensus analyst price target of $8.50. The stock should run into initial resistance at its 200-day moving average of $7.64 and subsequent resistance at its 50-day MA of $8.25.
Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United States. The Company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly, South Carolina. Century is also the operating partner of a reduction facility in Hawesville, Kentucky.
Century Aluminum share prices have moved between a 52-week high of $9.70 and a 52-week low of $5.52 and are now trading 30% above that low price at $7.17 per share. Over the last five market days, the 200-day moving average has remained constant while the 50-day MA has declined 1.2%.
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