SmarTrend identified an Uptrend for Alumina (NYSE: AWC) on March 25, 2011 at $9.77. In approximately 4 weeks since that trend was identified, Alumina has returned 7.5% as of Thursday's closing price of $10.50.
In the past 52 weeks, shares of Alumina have traded between a low of $4.76 and a high of $11.46 and are now at $10.50, which is 121% above that low price.
Alumina is currently above its 50-day moving average of $9.85 and above its 200-day moving average of $8.32. Look for these moving averages to climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.88%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Alumina shares.
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