20 SEPTEMBER 2011FNN Online
Century Aluminum Bearish Moving Average Crossover Alert (CENX)
Edited by : AL CIRCLE
1 min read
Today, shares of Century Aluminum (NASDAQ:CENX) have fallen below their 10-day MA of $11.18 on a volume of 379K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Century Aluminum share prices have moved between a 52-week high of $20.76 and a 52-week low of $8.72 and are now trading 26% above that low price at $11.03 per share. The 200-day and 50-day moving averages have moved 0.48% lower and 3.8% lower over the past week, respectively.
A 31.8% potential upside exists for Century Aluminum, based on a current level of $11.13 and analysts' average consensus price target of $14.67. The stock should run into initial resistance at its 50-day moving average (MA) of $12.04 and subsequent resistance at its 200-day MA of $15.28.
Century Aluminum share prices have moved between a 52-week high of $20.76 and a 52-week low of $8.72 and are now trading 26% above that low price at $11.03 per share. The 200-day and 50-day moving averages have moved 0.48% lower and 3.8% lower over the past week, respectively.
A 31.8% potential upside exists for Century Aluminum, based on a current level of $11.13 and analysts' average consensus price target of $14.67. The stock should run into initial resistance at its 50-day moving average (MA) of $12.04 and subsequent resistance at its 200-day MA of $15.28.
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