Century Aluminum Crosses Below its 10-day MA (CENX)
Century Aluminum (NASDAQ:CENX) crossed under its 10-day moving average of $9.20 on a volume of 735K 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 $11.30 and a 52-week low of $5.52 and are now trading 61% above that low price at $8.87 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 2.08% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Century Aluminum on December 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.08. Since that recommendation, shares of Century Aluminum have risen 17.8%. 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