Noranda Aluminum Shares Down 45.3%

In the past 52 weeks, Noranda Aluminum share prices have been bracketed by a low of $5.73 and a high of $13.18 and are now at $6.01, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.3%.
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.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Noranda Aluminum.
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