FNN Online
Shares of Noranda Aluminum Receive 4.7% Boost
Edited by : AL CIRCLE
1 min read
Noranda Aluminum is a company whose shares are active, trading 4.7% higher to $7.50. The S&P is currently trading 0.2% higher to 1,281 and the Dow Jones Industrial Average is trading fractionally lower to 12,100.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.29 and a high of $15.50 and are now at $7.50, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.61% lower and 2.07% lower over the past week, respectively.
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.
There is potential upside of 80.0% for shares of Noranda Aluminum based on a current price of $7.50 and an average consensus analyst price target of $13.50. The stock should find initial resistance at its 50-day moving average (MA) of $9.32 and further resistance at its 200-day MA of $9.57.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.29 and a high of $15.50 and are now at $7.50, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.61% lower and 2.07% lower over the past week, respectively.
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.
There is potential upside of 80.0% for shares of Noranda Aluminum based on a current price of $7.50 and an average consensus analyst price target of $13.50. The stock should find initial resistance at its 50-day moving average (MA) of $9.32 and further resistance at its 200-day MA of $9.57.
Previous article
Lockout at Rio Tinto's aluminum smelter continues
Next articleKediaCommodity offers Trading Tips for Aluminium
Grow with
AL Circle
