One of today's stocks on the move is Aluminum of China, up 2.0% to $8.30. The Dow Jones Industrial Average is now trading 0.3% higher to 14,819 and the S&P is trading 0.4% higher to 1,636.
There is potential upside of 6.6% for shares of Aluminum of China based on a current price of $8.30 and an average consensus analyst price target of $8.85. The stock should find resistance at its 200-day moving average (MA) of $9.98, as well as support at its 50-day MA of $8.09.
Aluminum Corporation of China Limited is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts alumina to produce primary aluminum.
Over the past year, Aluminum of China has traded in a range of $7.25 to $13.29 and is now at $8.30, 14% above that low. The 200-day and 50-day moving averages have moved 0.39% lower and 0.2% lower over the past week, respectively.
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