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Shares of Tronox Ltd-Cl A Fall to a New 52-Week Low

By Nick Russo

Tronox Ltd-Cl A (NYSE:TROX) traded at a new 52-week low today of $16.44. So far today approximately 205,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

Over the past year, Tronox Ltd-Cl Ahas traded in a range of $16.44 to $28.40 and are now at $16.46. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.5%.

Tronox Limited operates mining and inorganic chemical businesses. The Company mines and processes titanium ore, zircon, and other minerals, as well as manufactures titanium dioxide pigments. Tronox mines trona ore and manufactures natural soda ash, sodium bicarbonate, caustic soda, and other compounds which are used in the production of household products.

Tronox Ltd-Cl A (NYSE:TROX) has potential upside of 61.0% based on a current price of $16.46 and analysts' consensus price target of $26.50. The stock should find initial resistance at its 50-day moving average (MA) of $18.91 and further resistance at its 200-day MA of $20.29.

SmarTrend recommended that its subscribers protect gains by selling shares of Tronox Ltd-Cl A on November 30th, 2017 by issuing a Downtrend alert when the shares were trading at $23.34. Since that call, shares of Tronox Ltd-Cl A have fallen 27.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows tronox ltd-cl a

Ticker(s): TROX