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Century Aluminum Crosses above its 10-day Moving Average
Edited by : AL CIRCLE
2 min read
Today, shares of Century Aluminum (NASDAQ:CENX) have crossed bullishly above their 10-day moving average of $7.23 on a volume of 468K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Century Aluminum have traded between a low of $6.51 and a high of $16.55 and are now at $7.38, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.1%.
Century Aluminum (NASDAQ:CENX) has potential upside of 46.2% based on a current price of $7.38 and analysts' consensus price target of $10.80. The stock should find initial resistance at its 50-day moving average (MA) of $7.78 and further resistance at its 200-day MA of $9.31.
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.
In the past 52 weeks, shares of Century Aluminum have traded between a low of $6.51 and a high of $16.55 and are now at $7.38, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.1%.
Century Aluminum (NASDAQ:CENX) has potential upside of 46.2% based on a current price of $7.38 and analysts' consensus price target of $10.80. The stock should find initial resistance at its 50-day moving average (MA) of $7.78 and further resistance at its 200-day MA of $9.31.
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.
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