Century Aluminum Nearing Breakout ($CENX)
Shares of aluminum maker Century Aluminum Co., ($CENX) have printed a double bottom pattern on the hourly chart coupled with bullish divergence seen in both the OBV and RSI indicators. Peer in the metals industry, US Steel (X), is leading the way higher.. Shares of CENX trade at a very low P/Sales multiple, a low P/Book, and recently beat its EPS expectations (last week) by posting a narrower than expected loss.
See the technical chart below. Support is at 6.60 and a break above the Resistance-Line should see price rise to about $8.50 to test the mid-July highs.
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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
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