08 OCTOBER 2012FNN Online
Century Aluminum Crosses Above its 10-day Moving Average
Edited by : AL CIRCLE
1 min read
Century Aluminum shares have crossed bullishly above their 10-day moving average of $6.30 on a volume of 479K 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.
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 (NASDAQ:CENX) has potential upside of 12.3% based on a current price of $6.50 and analysts' consensus price target of $7.30. The stock should find resistance at its 200-day moving average (MA) of $8.28, as well as support at its 50-day MA of $6.48.
In the past 52 weeks, Century Aluminum share prices have been bracketed by a low of $5.52 and a high of $12.30 and are now at $6.50, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.
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 (NASDAQ:CENX) has potential upside of 12.3% based on a current price of $6.50 and analysts' consensus price target of $7.30. The stock should find resistance at its 200-day moving average (MA) of $8.28, as well as support at its 50-day MA of $6.48.
In the past 52 weeks, Century Aluminum share prices have been bracketed by a low of $5.52 and a high of $12.30 and are now at $6.50, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.
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