Recent 52-Week High Exceeded in Shares of Kaiser Aluminum (KALU)
Shares of Kaiser Aluminum (NASDAQ:KALU) traded today at $76.83, breaking its 52-week high. So far today approximately 95,000 shares have been exchanged, as compared to an average 30-day volume of 167,000 shares.
Kaiser Aluminum (NASDAQ:KALU) is currently priced 0.9% above its average consensus analyst price target of $76.00. The stock should discover initial support at its 50-day moving average (MA) of $71.44 and subsequent support at its 200-day MA of $69.95.
Over the past year, Kaiser Aluminum has traded in a range of $40.12 to $76.83 and is now at $76.66, 91% above that low. The 200-day and 50-day moving averages have moved 0.08% higher and 0.63% higher over the past week, respectively.
Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.
SmarTrend recommended that subscribers consider buying shares of Kaiser Aluminum on June 6th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.44. Since that recommendation, shares of Kaiser Aluminum have risen 6.2%. 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