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Century Aluminum Bearish Moving Average Crossover Alert (CENX)

By James Quinn

Century Aluminum (NASDAQ:CENX) shares have crossed bearishly below their 10-day moving average of $7.22 on a volume of 520K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Century Aluminum have traded between a low of $2.63 and a high of $14.74 and are now at $7.12, which is 171% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 1.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Century Aluminum on September 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.72. Since that recommendation, shares of Century Aluminum have risen 10.8%. We continue to monitor CENX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Century Aluminum

Ticker(s): CENX