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Century Aluminum Crosses Below its 10-day MA (CENX)

By Nick Russo

Century Aluminum (NASDAQ:CENX) crossed under its 10-day moving average of $14.27 on a volume of 361K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Century Aluminum has traded in a range of $2.63 to $16.53 and is now at $13.83, 426% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Century Aluminum on April 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.24. Since that recommendation, shares of Century Aluminum have risen 3.8%. 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