Shares of Alumina Under Pressure, Down 3.3%
Alumina (NYSE:AWC) has potential upside of 66.9% based on a current price of $5.39 and analysts' consensus price target of $9.00. Alumina shares should first meet resistance at the 50-day moving average (MA) of $7.71 and find additional resistance at the 200-day MA of $9.20.
Over the past year, Alumina has traded in a range of $5.15 to $11.46 and is now at $5.32, 3% above that low. The 200-day and 50-day moving averages have moved 0.71% lower and 4.2% lower over the past week, respectively.
Alumina Limited is an Australian resource company that produces alumina.
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