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SmarTrend Watching for Potential Rebound in Shares of Century Aluminum After 4.18% Loss

By James Quinn

Century Aluminum (NASDAQ:CENX) traded in a range yesterday that spanned from a low of $6.87 to a high of $7.02. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $7.04 on volume of 835,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Century Aluminum share prices have moved between a 52-week high of $18.69 and a 52-week low of $6.54 and are now trading 5% above that low price at $6.87 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.4%.

Keywords: rebounders Century Aluminum

Ticker(s): CENX