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Aluminum Corporation of China Hits 52-Week Low
- China Aluminium Network
- Post Time: 2008/8/14
- Click Amount: 583
Aluminum Corporation of China (NYSE: ACH) hit a new 52-Week low of $20.33 so far Wednesday. The stock was up $.83 (4.03%) to $21.45 on 1,225,045 shares traded. Wednesday’s low is down $69.50 from a 52-Week high of $90.95. Aluminum Corporation of China stock has been showing support around $20.23 and resistance in the $21.07 range. Technical indicators for the stock were neutral and S&P gave ACH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ACH the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 30 range.
Source: Market Intelligence Center
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