BUY: Century Aluminum Company (NASDAQ: CENX) $66.40 (7/13/07)
Sell price: $69.72 or
Sell date: August 13, 2007
Stop loss: $61.90 (-6.8%) - ATR(10) * 2
Strong break-out on very strong volume
Very positive moneyflow, great accumulation
Has upside potential left - still cheaper on a P/E and PEG basis than (AA), (AL), (SPSX), (NX)
EMA very bullish
Fibonacci analysis bullish
Stochastic very bullish
Profile: Century Aluminum Company (Century Aluminum or Century) is a holding company engaged in producing aluminum. The Company’s principal subsidiaries are Century Aluminum of West Virginia, Inc., Berkeley Aluminum, Inc., Century Kentucky, Inc. and Nordural ehf. The Company’s aluminum facilities include Nordural in Grundartangi, Iceland, Hawesville, Ravenswood and Mt. Holly in the United States. During the year ended December 31, 2006, it produced approximately 680,000 metric tons of primary aluminum. As of December 2006, Century had an annual production capacity of 745,000 metric tons. In addition to its primary aluminum assets, the Company had a 50% joint venture interests in the Gramercy alumina refinery, located in Gramercy, Louisiana and a related bauxite mining operation in Jamaica. The Gramercy refinery supplies substantially all of the alumina used for the production of primary aluminum at the Company’s Hawesville, Kentucky primary aluminum facility.
$65.7 (07/14/07)
