• Thu, May 5, 2011

ALUMINUM Stocks Expected To Be Down After Top Correlated Stocks Fire Sell Signals.

May 5, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated ALUMINUM stocks and the majority have fired a Sell signal as of today. NORANDA ALUMINUM HOLDING COR (NYSE:NOR), CENTURY ALUMINUM COMPANY (NASDAQ:CENX), ALCOA INC (NYSE:AA), KAISER ALUMINUM CORP (NASDAQ:KALU) are all expected to be Down as the top stocks in the sector have fired Sell signals. Group rotation is a phenomenon where institutions exert buying or selling pressure in an industry group, pushing prices of the group higher or higher relative to the general market. An industry can often lead or lag the market, and the most highly correlated stocks (mirror closest to the overall move in that group) usually move in unison. The technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The chart below displays the correlation, beta and relative strength of the top most highly correlated stocks in the highlighted industry group:

     Symbol     Company                             Correlation     Beta        RelStr      Sector 
     NOR        NORANDA ALUMINUM HOLDING COR        0               0           1.06        ALUMINUM
     CENX       CENTURY ALUMINUM COMPANY            0.68            3.78        1.04        ALUMINUM
     AA         ALCOA INC                           0.86            2.23        1.04        ALUMINUM
     KALU       KAISER ALUMINUM CORP                0.7             1.39        1.05        ALUMINUM
We automatically calculate correlation to help find the stocks that most closely match their groups movement and generate powerful group consensus trading signals to profit from the herd mentality. When multiple stocks in a group turn at the same time and the rotation of that group is confirmed, an explosive move typically occurs. Correlation measures the tendency for a symbol to move in unison with the group, beta measures the amount the symbol is expected to move relative to the group and relative strength looks back at the recent past to show how the stock has been moving relative to the group.

NORANDA ALUMINUM HOLDING COR (NYSE:NOR) - Noranda Aluminum Holding Corporation engages in the production and sale of primary aluminum products and rolled aluminum coils in the United States. The company operates through two segments, Upstream and Downstream. The Upstream segment produces aluminum products in the form of billets, which are used in building construction, architectural, and transportation applications; rods for electrical applications and steel deoxidation; sow used for aerospace; and foundry for transportation, as well as commodity grade sow. The Downstream segment offers foil products comprising finstock used for the air conditioning, ventilation, and heating industry; and container stock for food packaging, pie pans, and convenience food containers. The company is headquartered in Franklin, Tennessee.

CENTURY ALUMINUM COMPANY (NASDAQ:CENX) - Century Aluminum Company, through its subsidiaries, produces primary aluminum in the United States, Iceland, and internationally. The company offers molten aluminum, as well as standard-grade ingot, extrusion billet, and other value-added primary aluminum products. It also holds a 40% joint venture interest in a carbon anode and cathode facility located in China. The company was founded in 1981 and is based in Monterey, California.

ALCOA INC (NYSE:AA) - Alcoa, Inc. engages in the production and management of aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The Alumina segment engages in mining of bauxite, which is then refined into alumina. The Primary Metals segment produces aluminum. The Flat-Rolled Products segment engages in the production and sale of aluminum plate, sheet, and foil. The Engineered Products and Solutions segment produces and sells titanium, aluminum, and super alloy investment castings, hard alloy extrusions, forgings and fasteners, aluminum wheels, integrated aluminum structural systems, and architectural extrusions. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. The company holds interests in bauxite mining activities. It operates primarily in the United States, Australia, Spain, Brazil, the Netherlands, Norway, France, Hungary, Italy, the United Kingdom, Russia, and Germany. Alcoa, Inc. was founded in 1888 and is based in New York, New York.

KAISER ALUMINUM CORP (NASDAQ:KALU) - Kaiser Aluminum Corporation manufactures semi-fabricated aluminum products primarily in the United States, Canada, and the United Kingdom. The company produces rolled, extruded, drawn, and forged aluminum products used for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment end-use applications. It manufactures products in three categories, such as aerospace and high strength products, general engineering products, and custom automotive and industrial products. The companys aerospace and high strength products include heat treat plates and sheets, cold finish bars, seamless drawn tubes, and billets. Its general engineering products include alloy rod, bar, tube, sheet, plate, and standard extrusions. The companys rod and bar products are manufactured into rivets, nails, screws, bolts, and parts of machinery and equipment. Its custom automotive and industrial products consist of extruded/drawn and forged aluminum products for automotive and industrial end uses, including consumer durables, electrical/electronic, machinery and equipment, automobile, light truck, heavy truck, and truck trailer applications. The companys products include extruded products for bumpers and anti-lock braking systems, drawn tube for drive shafts, and forgings for suspension control arms and drive train yokes. It primarily serves aerospace companies, automotive suppliers, and metal distributors. The company was founded in 1987 and is headquartered in Foothill Ranch, California.

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