Sep 23, 2010 (SmarTrend(R) News Watch via COMTEX) -- Kaiser Aluminum (NASDAQ:KALU) traded in a range yesterday that spanned from a low of $40.64 to a high of $42.54. Yesterday, the shares gained 0.36%, which took the trading range above the 3-day high of $41.97 on volume of 177,000 shares.
Shares of Kaiser Aluminum are currently trading above their 50-day moving average (MA) of $39.30 and above their 200-day MA of $38.28. Look for these MAs to provide support for a short-term pullback in the shares.
SmarTrend is bullish on shares of Kaiser Aluminum and our subscribers were alerted to Buy on September 01, 2010 at $38.67. The stock has risen 7.7% since the alert was issued.
SmarTrend has the shares in an Uptrend and expects the share price to pullback toward the $41.63 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Aluminum industry.