Nov 24, 2010 (SmarTrend(R) -- Today, shares of Century Aluminum (NASDAQ:CENX) have crossed bullishly above their 10-day moving average of $14.15 on volume of 108 thousand shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for Century Aluminum on June 21, 2010 at $10.84. In approximately 5 months, Century Aluminum has returned 32.1% as of today's recent price of $14.31.
In the past 52 weeks, shares of Century Aluminum have traded between a low of $8.25 and a high of $18.77 and are now at $14.31, which is 73% above that low price.
In the last five trading sessions, the 50-day MA has climbed 2.18% while the 200-day MA has risen 0.55%.
We will continue to monitor CENX's share price relative to this moving average.