FNN Online
Stock Investors Bid Up Shares of Noranda Aluminum, Up 4.5%
Edited by : AL CIRCLE
1 min read
Noranda Aluminum (NYSE:NOR) is one of today's notable stocks on the rise, up 4.5% to $8.64. The Dow is trading fractionally higher to 12,221 and the S&P is currently trading fractionally higher to 1,259.
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 30% above that low price at $8.64 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 1%.
Potential upside of 36.0% exists for Noranda Aluminum, based on a current level of $8.64 and analysts' average consensus price target of $11.75. Noranda Aluminum shares should encounter resistance at the 200-day moving average (MA) of $11.83 and support at the 50-day MA of $8.46.
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 share prices have moved between a 52-week high of $17.82 and a 52-week low of $6.67 and are now trading 30% above that low price at $8.64 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 1%.
Potential upside of 36.0% exists for Noranda Aluminum, based on a current level of $8.64 and analysts' average consensus price target of $11.75. Noranda Aluminum shares should encounter resistance at the 200-day moving average (MA) of $11.83 and support at the 50-day MA of $8.46.
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.
Previous article
Shares of Century Aluminum Receive a Boost, Up 5.5%
Next articleNoranda Aluminum Shares Climbing Higher, Up 8.3%
Grow with
AL Circle
_md.webp)
