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Kaiser Aluminum: The Winning Streak Continues (KALU)

By Shiri Gupta

Shares of Kaiser Aluminum (NASDAQ:KALU) traded today at $98.64, breaking its 52-week high. Approximately 95,000 shares have changed hands today, as compared to an average 30-day volume of 183,000 shares.

Kaiser Aluminum Corporation produces fabricated aluminum products. The Company offers sheets, plates, billets, redraw rods, wires, extrusion, forging, and tubing products. Kaiser Aluminum serves aerospace, high strength, general engineering, automotive, and custom industrial sectors globally.

Kaiser Aluminum (NASDAQ:KALU) is currently priced 5.8% above its average consensus analyst price target of $90.57. The stock should find initial support at its 50-day moving average (MA) of $84.53 and further support at its 200-day MA of $82.47.

In the past 52 weeks, shares of Kaiser Aluminum have traded between a low of $69.41 and a high of $98.64 and are now at $96.19, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Kaiser Aluminum on April 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $84.15. Since that recommendation, shares of Kaiser Aluminum have risen 11.1%. We continue to monitor KALU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Kaiser Aluminum

Ticker(s): KALU