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Shares of Tronox Ltd-Cl A Rise Above Previous 52-Week High

By Shiri Gupta

Tronox Ltd-Cl A (NYSE:TROX) traded today at a new 52-week high of $21.17. Approximately 72,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

Based on a current price of $20.97, Tronox Ltd-Cl A is currently 11.8% above its average consensus analyst price target of $18.50. Tronox Ltd-Cl A shares have support at the 50-day moving average (MA) of $6.34 and additional support at the 200-day MA of $6.01.

In the past 52 weeks, shares of Tronox Ltd-Cl A have traded between a low of $3.84 and a high of $21.17 and are now at $20.97, which is 446% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has advanced 4.5%.

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.

SmarTrend recommended that subscribers consider buying shares of Tronox Ltd-Cl A on July 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.76. Since that recommendation, shares of Tronox Ltd-Cl A have risen 33.7%. We continue to monitor TROX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): TROX