A Reversal for Aluminum Corporation of China Limited (ACH) Is Not Near. The Stock Reaches 1 Year Low Today

July 13, 2018 - By Russell Jones

The stock of Aluminum Corporation of China Limited (NYSE:ACH) hit a new 52-week low and has $9.67 target or 4.00 % below today’s $10.07 share price. The 7 months bearish chart indicates high risk for the $6.35B company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $9.67 price target is reached, the company will be worth $253.96 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.42% or $0.25 during the last trading session, reaching $10.07. About 18,855 shares traded. Aluminum Corporation of China Limited (NYSE:ACH) has risen 12.58% since July 13, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.

Aluminum Corporation of China Limited, together with its subsidiaries, engages in the manufacture and distribution of alumina, primary aluminum and energy products in the People's Republic of China. The company has market cap of $6.35 billion. It operates through Alumina, Primary Aluminum, Trading, and Energy divisions. It has a 33.57 P/E ratio. The Alumina segment is involved in mining and purchasing of bauxite and other raw materials; and production and sale of alumina, as well as alumina-related products, such as alumina hydrate, alumina chemical products, and gallium.

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