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Noranda Aluminum Shares Climbing Higher, Up 8.3%
Edited by : AL CIRCLE
1 min read
One of today's stocks on the move is Noranda Aluminum (NYSE:NOR), up 8.3% to $8.96. The Dow Jones Industrial Average is now trading 1.4% higher to 12,393 and the S&P is trading 1.4% higher to 1,276.
Potential upside of 31.1% exists for Noranda Aluminum, based on a current level of $8.96 and analysts' average consensus price target of $11.75. The stock should find resistance at its 200-day moving average (MA) of $11.83, as well as support at its 50-day MA of $8.46.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.67 and a high of $17.82 and are now at $8.96, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 1%.
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.
Potential upside of 31.1% exists for Noranda Aluminum, based on a current level of $8.96 and analysts' average consensus price target of $11.75. The stock should find resistance at its 200-day moving average (MA) of $11.83, as well as support at its 50-day MA of $8.46.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.67 and a high of $17.82 and are now at $8.96, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 1%.
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.
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