03 OCTOBER 2013FNN Online
Continued losses in shares of Noranda Aluminum
Edited by : AL CIRCLE
1 min read
Shares of Noranda Aluminum traded at a new 52-week low today of $2.48. So far today approximately 254,000 shares have been exchanged, as compared to an average 30-day volume of 429,000 shares.
Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills.
In the past 52 weeks, shares of Noranda Aluminum have traded between the current low of $2.48 and a high of $6.97 and are now at $2.48. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 2.7%.
Potential upside of 68.0% exists for Noranda Aluminum, based on a current level of $2.48 and analysts' average consensus price target of $4.17. The stock should run into initial resistance at its 50-day moving average (MA) of $2.93 and subsequent resistance at its 200-day MA of $4.23.
Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills.
In the past 52 weeks, shares of Noranda Aluminum have traded between the current low of $2.48 and a high of $6.97 and are now at $2.48. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 2.7%.
Potential upside of 68.0% exists for Noranda Aluminum, based on a current level of $2.48 and analysts' average consensus price target of $4.17. The stock should run into initial resistance at its 50-day moving average (MA) of $2.93 and subsequent resistance at its 200-day MA of $4.23.
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