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Shares of Noranda Aluminum Receive a Boost, Up 3.6%
Edited by : AL CIRCLE
1 min read
One of today's stocks on the move is Noranda Aluminum (NYSE:NOR), up 3.6% to $9.09. The S&P is currently trading 0.4% higher to 1,241 and the Dow Jones Industrial Average is trading 0.5% higher to 12,086.
In the past 52 weeks, Noranda Aluminum share prices have been bracketed by a low of $6.67 and a high of $17.82 and are now at $9.09, 36% 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 remained constant.
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 29.3% for shares of Noranda Aluminum based on a current price of $9.09 and an average consensus analyst price target of $11.75. The stock should hit resistance at its 200-day moving average (MA) of $12.25, as well as support at its 50-day MA of $8.42.
In the past 52 weeks, Noranda Aluminum share prices have been bracketed by a low of $6.67 and a high of $17.82 and are now at $9.09, 36% 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 remained constant.
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 29.3% for shares of Noranda Aluminum based on a current price of $9.09 and an average consensus analyst price target of $11.75. The stock should hit resistance at its 200-day moving average (MA) of $12.25, as well as support at its 50-day MA of $8.42.
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