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Century Aluminum: New 52-Week Low Set Today (CENX)

By Amy Schwartz

Century Aluminum (NASDAQ:CENX) traded today at a new 52-week low of $12.82. So far today approximately 471,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United States. The Company owns and operates a reduction facility in Ravenswood, West Virginia, and owns a partial interest in a reduction facility in Mt. Holly, South Carolina. Century is also the operating partner of a reduction facility in Hawesville, Kentucky.

There is potential upside of 64.3% for shares of Century Aluminum based on a current price of $12.90 and an average consensus analyst price target of $21.20. The stock should run into initial resistance at its 50-day moving average (MA) of $16.16 and subsequent resistance at its 200-day MA of $17.49.

Over the past year, Century Aluminumhas traded in a range of $12.82 to $24.77 and are now at $12.90. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

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 15.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Century Aluminum

Ticker(s): CENX