Can This Commodity Producer Make Another Run?

The stock in focus today is a producer of aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. Its products include standard ingots, T-ingot, extrusion billet, horizontal direct chill ingot, molten, slab, and sow. Take a look at the 1-year chart of…

Century (CENX) below with the added notations:

Chart of CENX provided by TradingView

CENX has hit the $10 level as resistance (yellow) twice over the past few months. After pulling lower from the most recent test of $10, the stock appears to be trying to head back up there. A break above $10 would open the door to higher prices.

The Tale of the Tape: CENX has an important resistance at…

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