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Century Aluminum (CENX) Trading Near $12.56 Resistance Level
Edited by : AL CIRCLE
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Century Aluminum (NASDAQ:CENX) closed Thursday's up-and-down trading session at $11.49. In the past year, the stock has hit a 52-week low of $8.72 and 52-week high of $20.76. Century Aluminum (CENX) stock has been showing support around $10.92 and resistance in the $12.56 range. Technical indicators for the stock are Bearish. For a hedged play on Century Aluminum (CENX), look at the Mar '12 $9.00 covered call for a net debit in the $8.04 area. That is also the break-even stock price for this trade. This covered call has a duration of 197 days, provides 30.03% downside protection and an assigned return rate of 11.94% for an annualized return rate of 22.12% (for comparison purposes only). Century Aluminum (CENX) has a current trailing average dividend yield of 0%.
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