After Yesterday's Rally of 2.08% Shares Could Potentially Pullback
Century Aluminum (NASDAQ:CENX) traded in a range yesterday that spanned from a low of $6.45 to a high of $6.69. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $6.63 on volume of 650,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Century Aluminum share prices have moved between a 52-week high of $14.74 and a 52-week low of $2.63 and are now trading 151% above that low price at $6.60 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.6%.
SmarTrend is tracking the current trend status for Century Aluminum and will alert subscribers who have CENX in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders Century Aluminum