03 JANUARY 2013mysmartrend.com
Kaiser Aluminum traded at a new 52-week high
Edited by : AL CIRCLE
2 min read
Kaiser Aluminum traded at a new 52-week high today of $63.54. So far today approximately 54,000 shares have been exchanged, as compared to an average 30-day volume of 117,000 shares.
Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.
Over the past year, Kaiser Aluminum has traded in a range of $40.12 to $63.54 and is now at $63.12, 57% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.
Potential upside of 13.8% exists for Kaiser Aluminum, based on a current level of $63.12 and analysts' average consensus price target of $71.83. The stock should discover initial support at its 50-day moving average (MA) of $60.09 and subsequent support at its 200-day MA of $54.49.
SmarTrend recommended that subscribers consider buying shares of Kaiser Aluminum on July 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.65. Since that recommendation, shares of Kaiser Aluminum have risen 12.9%. We continue to monitor KALU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.
Over the past year, Kaiser Aluminum has traded in a range of $40.12 to $63.54 and is now at $63.12, 57% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.
Potential upside of 13.8% exists for Kaiser Aluminum, based on a current level of $63.12 and analysts' average consensus price target of $71.83. The stock should discover initial support at its 50-day moving average (MA) of $60.09 and subsequent support at its 200-day MA of $54.49.
SmarTrend recommended that subscribers consider buying shares of Kaiser Aluminum on July 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.65. Since that recommendation, shares of Kaiser Aluminum have risen 12.9%. We continue to monitor KALU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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