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Century Aluminum (CENX) Showing Bearish Technicals With Resistance At $14.38
Edited by : AL CIRCLE
1 min read
Century Aluminum (NASDAQ:CENX) closed Tuesday's unfavorable trading session at $14.01. In the past year, the stock has hit a 52-week low of $9.28 and 52-week high of $20.76. Century Aluminum (CENX) stock has been showing support around $13.52 and resistance in the $14.38 range. Technical indicators for the stock are Bearish. For a hedged play on Century Aluminum (CENX), look at the Jan '12 $12.50 covered call for a net debit in the $11.37 area. That is also the break-even stock price for this trade. This covered call has a duration of 178 days, provides 18.84% downside protection and an assigned return rate of 9.94% for an annualized return rate of 20.38% (for comparison purposes only). Century Aluminum (CENX) does not pay dividends at this time.
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