Shares of Noranda Aluminum (NYSE:NOR) are trading up 7.6% to $16.46 today on above average volume. Approximately 355,000 shares have traded hands today vs. average 30-day volume of 252,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of NOR to see if this bullish momentum will continue.
Noranda Aluminum Holding Corp is an integrated producer of aluminum products, as well as rolled aluminum coils. The Company produces aluminum products in the form of billets, rods and sows, used mainly for building construction, architectural and transportation applications. Noranda also produces foil and light gauge sheet products from its rolling mills.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.75%.
In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $5.87 and a high of $17.77 and are now at $16.47, which is 181% above that low price.
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