Aluminum Corporation of China (ACH) NewsBite - ACH Rises on Higher Aluminum Prices

Posted on Wednesday, August 27, 2008 2:19 PM

Aluminum Corporation of China (NYSE: ACH) opened at $23.22. So far today, the stock has hit a low of $22.92 and a high of $23.80. ACH is now trading at $23.50, up $1.24 (5.57%). The stock hit its 52-Week high of $90.95 in October and set its 52-Week low of $19.60 in August. Aluminum Corp. of China shares have been rallying today following higher aluminum prices. Technical indicators for the stock are neutral and S&P gives ACH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ACH the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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