Dec 10, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Kaiser Aluminum (NASDAQ:KALU) on November 24, 2010 at $47.29. In approximately 2 weeks, Kaiser Aluminum has returned 7.7% as of today's recent price of $50.94.
In the past 52 weeks, shares of Kaiser Aluminum have traded between a low of $32.83 and a high of $51.76 and are now at $50.94, which is 55% above that low price.
Kaiser Aluminum is currently above its 50-day moving average of $45.91 and above its 200-day moving average of $40.15. 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 climbed 1.91% while the 200-day MA has risen 0.94%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Kaiser Aluminum shares.