Century Aluminum Company : Still trading within a bullish trend
By Pierre Gilles de la Londe
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$25.49 | $0 | $24.29 | -100% |
Fundamentals show the great growth potential of the company joined to a sound financial situation. Sales forecasts are encouraging as suggested by the Thomson-Reuters consensus. Earnings per share are expected in perpetual growth for the next two years.
Regarding technical configuration, prices have been in contact with the 100-day moving average which acted as resistance. This situation could allow the value to begin a new upward movement. This configuration could allow the stock to rally toward USD 27.9 in a first instance.
To conclude, active investors can take a long position on Century Aluminium in order to reach the USD 27.9 resistance area. In case of further decrease, positions should be cut under the 100-day moving average at USD 24.8.