Century Aluminum(CENX)
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Down -19.36% in 4 Weeks, Here's Why Century (CENX) Looks Ripe for a Turnaround
ZACKS· 2024-12-30 15:36
Century Aluminum (CENX) has been beaten down lately with too much selling pressure. While the stock has lost 19.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator t ...
Why You Should Add Century Aluminum Stock to Your Portfolio
ZACKS· 2024-12-30 12:45
Century Aluminum Company (CENX) is benefiting from strong demand in a variety of intermediate and end markets, driven by robust manufacturing operations, particularly in the United States.Century Aluminum Stock’s Price PerformanceShares of Century Aluminum have shot up 51.6% in the past year against a 33.5% decline of the industry.Image Source: Zacks Investment ResearchStrong Demand, Acquisitions to Aid CENXCentury Aluminum is well-positioned to benefit from an uptick in global aluminum demand, which is exc ...
Are Industrial Products Stocks Lagging Century Aluminum (CENX) This Year?
ZACKS· 2024-12-16 15:41
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Century Aluminum (CENX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Century Aluminum is one of 213 individual stocks i ...
Despite Fast-paced Momentum, Century (CENX) Is Still a Bargain Stock
ZACKS· 2024-12-13 14:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...
Century (CENX) Up 13.7% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-12-04 17:37
A month has gone by since the last earnings report for Century Aluminum (CENX) . Shares have added about 13.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Century due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Century Aluminum's Q3 Earnings Surpass Estimates, ...
What Makes Century Aluminum (CENX) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-12-03 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Is Century Aluminum (CENX) Stock Outpacing Its Industrial Products Peers This Year?
ZACKS· 2024-11-28 15:45
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Century Aluminum (CENX) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Century Aluminum is a member of our Industrial Products group, which includes 212 different companies and currently sits at #12 in the Zacks Sector Rank. T ...
4 Metal Fabrication Stocks to Watch Amid Improving Industry Trends
ZACKS· 2024-11-22 14:50
The Zacks Metal Products - Procurement and Fabrication industry is poised to gain from diverse end-market demand. As inflation continues to ease, order volumes are anticipated to rise. Signs of improving supply-chain conditions add to the positive outlook.Players like Norsk Hydro ASA (NHYDY) , ESAB Corporation (ESAB) , Century Aluminum (CENX) and Northwest Pipe Company (NWPX) have witnessed order growth and delivered improved performances. Solid end-market demand, efforts to gain market share and investment ...
Here's Why Century Aluminum (CENX) is a Great Momentum Stock to Buy
ZACKS· 2024-11-12 18:05
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Is Century Aluminum (CENX) Outperforming Other Industrial Products Stocks This Year?
ZACKS· 2024-11-12 15:45
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Century Aluminum (CENX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Century Aluminum is a member of the Industrial Pr ...