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Shares of Noranda Aluminum Under Pressure, Down 3.2%
Edited by : AL CIRCLE
1 min read
One of today's stocks on the move is Noranda Aluminum (NYSE:NOR), down 3.2% to $10.63. The Dow is down 0.8% to 12,565 and the S&P is currently down 0.9% to 1,305.
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.
Noranda Aluminum (NYSE:NOR) has potential upside of 13.7% based on a current price of $10.63 and analysts' consensus price target of $12.08. The stock should hit resistance at its 200-day moving average (MA) of $11.32, as well as support at its 50-day MA of $8.70.
Noranda Aluminum share prices have moved between a 52-week high of $17.82 and a 52-week low of $6.67 and are now trading 59% above that low price at $10.63 per share. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 2.1%.
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.
Noranda Aluminum (NYSE:NOR) has potential upside of 13.7% based on a current price of $10.63 and analysts' consensus price target of $12.08. The stock should hit resistance at its 200-day moving average (MA) of $11.32, as well as support at its 50-day MA of $8.70.
Noranda Aluminum share prices have moved between a 52-week high of $17.82 and a 52-week low of $6.67 and are now trading 59% above that low price at $10.63 per share. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 2.1%.
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