Century Aluminum falls below its 10-day moving average, levels to watch The stock is down over 7.5% at time of writing, falling below uptrend support at the 10-day moving average, last at $9.20. The 10-day is now resistance. Next support based on the current price of $8.80 is at $8.46. The shares were downgraded yesterday after the close at CRT Capital to Sell.
Century Aluminum price target lowered to $10 from $19 at Deutsche Bank Deutsche Bank cut its price target on Century Aluminum after the company announced that it would close its Hawesville aluminum smelter by October. The firm also believes that the likelihood of a V-shaped recovery in aluminum prices has dropped. However, it thinks the company's two remaining U.S. smelters could boost its results when aluminum prices rebound. It keeps a Buy rating on the shares.