Alumina Moves Into New Trading Range Above $6.59 (AWC)

Sep 05, 2010 (SmarTrend(R) News Watch via COMTEX) -- Alumina (NYSE:AWC) traded in a range yesterday that spanned from a low of $6.52 to a high of $6.75. Yesterday's high of the day pierced the 3-day high of $6.59 on volume of 541,000 shares.

Shares of Alumina have been range bound for the past 3-days between a high of $6.59 and a low of $6.14 and have traded with a 30-day average daily volume of 265,000 shares.

Look for shares of AWC to trade within a new higher trading range with support at $6.59 and move along with its peers in the Aluminum SmarTrend industry.

SmarTrend is bullish on shares of Alumina and our subscribers were alerted to Buy on June 21, 2010 at $5.83. The stock has risen 14.3% since the alert was issued.