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Shares of Century Aluminum Exhibit Possible Trend Reversal as it Trades Higher (CENX)

By David Diaz

Century Aluminum shares are trading on heavy volume today, having risen 11.6% to $6.35. Today's volume of 1.5 million shares tops the average 30-day volume of 1.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Century Aluminum on May 1st, 2019 by issuing a Downtrend alert when the shares were trading at $8.26. Since that call, shares of Century Aluminum have fallen 31.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Century Aluminum share prices have moved between a 52-week high of $17.52 and a 52-week low of $5.37 and are now trading 13% above that low price at $6.07 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 2.5%.

Keywords: unusual volume Century Aluminum

Ticker(s): CENX