Aluminum of China Shares Climbing Higher, Up 1.3%

Posted by tjdetai on July 5th, 2015

Aluminum of China (NYSE:ACH) is one of today's biggest movers, up 1.3% to .32. The Dow is trading fractionally higher to 14,619 and the S&P is currently trading fractionally higher to 1,564.

Aluminum Corporation of China Limited is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts alumina to produce primary aluminum.

Potential upside of 3.8% exists for Aluminum of China, based on a current level of .32 and analysts' average consensus price target of .67. Aluminum of China shares should first meet resistance at the 50-day moving average (MA) of .71 and find additional resistance at the 200-day MA of .79.

In the past 52 weeks, Aluminum of China share prices have been bracketed by a low of .98 and a high of .29 and are now at .32, 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.2%.

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