Stock Investors Bid Up Shares of Century Aluminum
Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United States. The Company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly, South Carolina. Century is also the operating partner of a reduction facility in Hawesville, Kentucky.
Over the past year, Century Aluminum has traded in a range of $5.52 to $11.30 and is now at $7.10, 29% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.9%.
Century Aluminum has overhead space with shares priced $7.10, or 5.3% below the average consensus analyst price target of $7.50. Century Aluminum shares should first meet resistance at the 50-day moving average (MA) of $7.26 and find additional resistance at the 200-day MA of $7.94.
3-Month Price of Aluminum Falls 1.7 pct
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