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Century Aluminum Rises 4.11% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Century Aluminum (NASDAQ:CENX) traded in a range yesterday that spanned from a low of $16.88 to a high of $17.83. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $16.98 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Century Aluminum share prices have been bracketed by a low of $5.53 and a high of $17.83 and are now at $17.47, 216% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has slid 0.5%.

SmarTrend recommended that subscribers consider buying shares of Century Aluminum on April 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.24. Since that recommendation, shares of Century Aluminum have risen 17.9%. We continue to monitor CENX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Century Aluminum

Ticker(s): CENX