Shares of Noranda Aluminum Under Pressure, Down 9% (NOR)

　　Aug 18, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Noranda Aluminum (NOR) is one of today's notable stocks in decline, down 9% to $9.98. The S&P is currently trading 4.1% lower to 1,145 and the Dow Jones Industrial Average is trading 3.6% lower to 11,004.

 

　　Noranda Aluminum is in SmarTrend's Aluminum industry and this industry is currently in a Downtrend according to our research. We are monitoring many other stocks on the move within this industry.

 

　　In the last five trading sessions, the 50-day MA has fallen 1.2% while the 200-day MA has remained constant.

 

　　In the past 52 weeks, shares of Noranda Aluminum have traded between a low of $6.51 and a high of $17.82 and are now at $9.98, which is 53% above that low price.

 

　　SmarTrend currently has shares of Noranda Aluminum in an Downtrend and issued the Downtrend alert on July 15, 2011 at $13.57. The stock has fallen 19.2% since the Downtrend alert was issued.