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Recent 52-Week High Exceeded in Shares of Kaiser Aluminum (KALU)

By Shiri Gupta

Shares of Kaiser Aluminum (NASDAQ:KALU) traded at a new 52-week high today of $83.47. This new high was reached on below average trading volume as 53,000 shares traded hands, while the average 30-day volume is approximately 191,000 shares.

Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The Company also supplies alumina and primary aluminum in domestic and international markets.

Kaiser Aluminum has overhead space with shares priced $83.30, or 0.2% below the average consensus analyst price target of $83.50. Kaiser Aluminum shares have support at the 50-day moving average (MA) of $77.84 and additional support at the 200-day MA of $75.08.

Kaiser Aluminum share prices have moved between a 52-week high of $83.47 and a 52-week low of $40.12 and are now trading 108% above that low price at $83.30 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Kaiser Aluminum on February 20th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.65. Since that recommendation, shares of Kaiser Aluminum have risen 10.7%. 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