07 FEBRUARY 2013FNN Online
Noranda Aluminum Shares Down 1.2%
Edited by : AL CIRCLE
1 min read
Noranda Aluminum, a company whose shares are moving quickly, is trading 1.2% lower to $5.81. The S&P is currently trading fractionally lower to 1,509 and the Dow Jones Industrial Average is trading 0.2% lower to 13,945.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $5.38 and a high of $13.18 and are now at $5.81, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.2%.
There is potential upside of 46.3% for shares of Noranda Aluminum based on a current price of $5.81 and an average consensus analyst price target of $8.50. Noranda Aluminum shares should first meet resistance at the 50-day moving average (MA) of $6.16 and find additional resistance at the 200-day MA of $6.93.
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 a low of $5.38 and a high of $13.18 and are now at $5.81, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.2%.
There is potential upside of 46.3% for shares of Noranda Aluminum based on a current price of $5.81 and an average consensus analyst price target of $8.50. Noranda Aluminum shares should first meet resistance at the 50-day moving average (MA) of $6.16 and find additional resistance at the 200-day MA of $6.93.
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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