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Shares of Century Aluminum Fall Below Previous 52-Week Low

By Amy Schwartz

Shares of Century Aluminum (NASDAQ:CENX) traded today at $11.77, breaking its 52-week low. Approximately 326,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

Century Aluminum (NASDAQ:CENX) has potential upside of 77.7% based on a current price of $11.93 and analysts' consensus price target of $21.20. Century Aluminum shares should first meet resistance at the 50-day moving average (MA) of $15.06 and find additional resistance at the 200-day MA of $17.25.

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.

Over the past year, Century Aluminumhas traded in a range of $11.77 to $24.77 and are now at $11.93. The 200-day and 50-day moving averages have moved 0.35% lower and 2.21% 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 21.4%. 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