Stock On Watch: Could Aluminum Corp. of China Limited (ADR) Go Down After Making 52-Week High?

Stock On Watch: Could Aluminum Corp. of China Limited (ADR) Go Down After Making 52 Week High?

The stock of Aluminum Corp. of China Limited (ADR) (NYSE:ACH) hit a new 52-week high and has $13.52 target or 39.00% above today’s $9.73 share price. The 8 months bullish chart indicates low risk for the $8.24 billion company. The 1-year high was reported on Nov, 7 by If the $13.52 price target is reached, the company will be worth $3.21 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,005 shares traded hands. Aluminum Corp. of China Limited (ADR) (NYSE:ACH) has risen 13.61% since April 5, 2016 and is uptrending. It has outperformed by 11.65% the S&P500.

Aluminum Corp. of China Limited (ADR) (NYSE:ACH) Ratings Coverage

Out of 2 analysts covering Alum. Corp China (NYSE:ACH), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Alum. Corp China has been the topic of 3 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, August 31 by Credit Suisse. Goldman Sachs upgraded the stock to “Neutral” rating in Thursday, March 24 report. The firm has “Sell” rating given on Monday, December 7 by Goldman Sachs.

According to Zacks Investment Research, “Aluminum Corp of China Ltd’s principal activity is the production and distribution of alumina and primary aluminum. Other activities include the manufacturing of mechanical equipment and distribution of ceramic products and provision of repair and maintenance services for electrical plant and machinery.”

More notable recent Aluminum Corp. of China Limited (ADR) (NYSE:ACH) news were published by: which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also with their article: “3 Top Aluminum Stocks to Buy in 2016” published on October 04, 2016, published: “Why These 3 Commodity Names are Crumbling: ACH, FCX, and GLD” on July 07, 2015. More interesting news about Aluminum Corp. of China Limited (ADR) (NYSE:ACH) were released by: and their article: “Top Performing Industries For October 5, 2016” published on October 05, 2016 as well as‘s news article titled: “5 Things Alcoa Wants You to Know About Its Post-Split Future” with publication date: November 27, 2015.

ACH Company Profile

Aluminum Corporation of China Limited (Chalco), incorporated on October 10, 2001, is an aluminum producer with activities in bauxite and coal mining, alumina refining and primary aluminum smelting. The Firm also produces ancillary services and products derived from or related to its aluminum operations. The Firm organizes and manages its activities in five divisions: alumina segment, primary aluminum segment, trading segment, energy segment, and corporate and other operating segment. The Firm is also engaged in trading of alumina, primary aluminum, aluminum fabrication products, other non-ferrous metal products, coal products and raw and ancillary materials in bulk domestically and internationally. In addition, the Company is also engaged in coal mining, power generation, research and development activities, and other services and products. The Company’s corporate and other operating segment includes corporate and other aluminum-related research, development and other activities.

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