ACH The Chart of the Day belongs to Aluminum Corp of China (ACH). I found the aluminum production stock by using Barchart to sort today's Top Stocks to Own list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 6/14 the stock gained 77.63%.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.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 28.45% in the last month
- Relative Strength Index 77.89%
- Technical support level at 21.98
- Recently traded at 22.08 with a 50 day moving average of 16.81
- Market Cap $12.91 billion
- At present Wall Street analysts are not making projections on this Chinese stock
- The individual investors on Motley Fool voted 2,943 to 124 that the stock will beat the market