Technical Analysis on Alcoa and Century Aluminum - Aluminum on Verge
NEW YORK, NY -- (Marketwire) -- 11/13/12 -- Slightly higher prices
on the London Metals exchange are helping the aluminum industry but
demand will need to pick up significantly for a lasting recovery to
begin. Recent performances from producers like Alcoa Inc. and Century
Aluminum Co. have been encouraging but numerous headwinds remain in
place for investors to become optimistic about the direction of the
industry. StBulls.com has initiated technical analysis on Alcoa Inc.
(NYSE: AA) and Century Aluminum Co. (NASDAQ: CENX) which serves the
Aluminum industry. These reports are free upon registration at
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Higher pricing will also help the industry by alleviating some of the
competitive pressure that's built up during its recent downturn.
Essentially, soft demand levels forced producers to generate sales by
besting competitors' prices. These efforts, while partially
successful in sustaining sales, caused margins to narrow and
profitability to wane. The recent uptick in aluminum prices should
facilitate some flexibility for producers and help them become more
profitable. Read our technical analysis on Alcoa Inc. by clicking on
China will ultimately be the key driver for the industry's comeback
if its economy resumes expanding at a faster rate. Soft demand in the
country has been the chief contributor to aluminum's bleak outlook.
Companies with less exposure to the country may be best suited in the
short-term. Investors looking for technical analysis on Century
Aluminum Co. are encouraged to use the link below
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