Aug 19, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Aluminum of China (NYSE:ACH - Analyst Report) on August 05, 2011 at $18.80. In approximately 2 weeks, Aluminum of China has returned 14.4% as of today's recent price of $16.08.

In the past 52 weeks, shares of Aluminum of China have traded between a low of $16.57 and a high of $26.80 and are now at $16.08, which is -3% above that low price.

Aluminum of China is currently below its 50-day moving average of $19.98 and below its 200-day moving average of $22.56. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 1.31% while the 200-day MA has slid 0.58%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Aluminum of China.

Source:ZACK