SmarTrend identified a Downtrend for Kaiser Aluminum (NASDAQ:KALU) on February 23, 2011 at $47.99. In approximately 2 months since that trend was identified, Kaiser Aluminum has fallen 3.4% as of today's recent price of $46.37.
In the past 52 weeks, shares of Kaiser Aluminum have traded between a low of $32.91 and a high of $53.65 and are now at $46.37, which is 41% above that low price.
Kaiser Aluminum is currently below its 50-day moving average of $49.16 and should find support at its 200-day moving average of $45.34. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 0.35% while the 200-day MA has risen 0.42%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Kaiser Aluminum.
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