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

By Shiri Gupta

Century Aluminum (NASDAQ:CENX) shares have crossed bearishly below their 10-day moving average of $12.36 on a volume of 843K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Century Aluminum share prices have been bracketed by a current low of $11.67 and a high of $24.77 and are now at $11.71. The 200-day and 50-day moving averages have moved 0.26% lower and 2.17% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Century Aluminum on June 28th, 2018 by issuing a Downtrend alert when the shares were trading at $15.46. Since that call, shares of Century Aluminum have fallen 19.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Century Aluminum

Ticker(s): CENX