15 JULY 2012FNN Online
Noranda Aluminum Shares Down 2.4%
Edited by : AL CIRCLE
1 min read
One of today's notable stocks in decline is Noranda Aluminum (NYSE:NOR), down 2.4% to $6.53. The S&P is currently trading 0.6% lower to 1,334 and the Dow Jones Industrial Average is trading 0.3% lower to 12,569.
Over the past year, Noranda Aluminum has traded in a range of $6.29 to $15.09 and is now at $6.53, 4% above that low. The 200-day and 50-day moving averages have moved 0.32% lower and 2.79% lower over the past week, respectively.
There is potential upside of 106.7% for shares of Noranda Aluminum based on a current price of $6.53 and an average consensus analyst price target of $13.50. The stock should find initial resistance at its 50-day moving average (MA) of $7.99 and further resistance at its 200-day MA of $9.22.
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.
Over the past year, Noranda Aluminum has traded in a range of $6.29 to $15.09 and is now at $6.53, 4% above that low. The 200-day and 50-day moving averages have moved 0.32% lower and 2.79% lower over the past week, respectively.
There is potential upside of 106.7% for shares of Noranda Aluminum based on a current price of $6.53 and an average consensus analyst price target of $13.50. The stock should find initial resistance at its 50-day moving average (MA) of $7.99 and further resistance at its 200-day MA of $9.22.
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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