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

By Shiri Gupta

Century Aluminum (NASDAQ:CENX) crossed under its 10-day moving average of $13.69 on a volume of 185K 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.

Century Aluminum share prices have moved between a 52-week high of $14.80 and a 52-week low of $7.65 and are now trading 77% above that low price at $13.56 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 0.44% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Century Aluminum on September 11th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.75. Since that recommendation, shares of Century Aluminum have risen 58.3%. 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