25 AUGUST 2011china aluminium network
US Credit Rating Crisis Lookback: Aluminum of China Has 1.12% Drop in Stock Price Following Downgrade (ACH)
Edited by : AL CIRCLE
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On 08/08/11, the first market day after S&P downgraded the nation's credit rating, Aluminum of China (NYSE:ACH) reached a low of $17.00 and has since moved 1.1% lower to its most recent close of $16.81. Over the same time period the Dow Jones Industrial Average rose 3.4% from 10,810 to 11,177 as of the last close.
Aluminum of China (NYSE:ACH) is currently priced 100.0% above its average consensus analyst price target of $0.00. The stock should run into initial resistance at its 50-day moving average (MA) of $19.69 and subsequent resistance at its 200-day MA of $22.43.
Aluminum of China (NYSE:ACH) is currently priced 100.0% above its average consensus analyst price target of $0.00. The stock should run into initial resistance at its 50-day moving average (MA) of $19.69 and subsequent resistance at its 200-day MA of $22.43.
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