Pre-Market Analysis on Alcoa, Century Aluminum, Turquoise Hill Resources, and Teck Resources

LONDON, March 25, 2013 /PRNewswire/ --

International concerns like Cyprus economic meltdown put a dampener on otherwise bullish markets. Major indices struggled to find direction but closed last week on a positive note. Domestic scenario looks healthy as reports showed improvement in economic growth rate and job numbers. Our research team studied the Basic Material sector, more precisely the Aluminum industry which includes major companies such as Century Aluminum Co (NASDAQ: CENX), Century Aluminum Co. (NASDAQ: CENX), Turquoise Hill Resources Ltd (NYSE: TRQ) and Teck Resources Ltd (NYSE: TCK). StockCall has posted free technical research on AA, CENX, TRQ, and TCK which can be downloaded upon sign up at

Alcoa Inc. closed its latest trading session at $8.45, at par with its previous close. The stock traded in the range of $8.42 and $8.50 in the session and traded 10.80 million shares on Friday. It is likely to face its first resistance level at $8.52 and upon breaching this level the stock may go up to $8.70. On the downside, Alcoa may tumble to $8.35 level. The stock is highly volatile as it sports a beta of 2.10. In 2013, it declined 0.59 percent whereas in the past 52 weeks, it lost 16.42 percent of its value. The stock is currently in a bullish mode. Sign up and read the complimentary report on AA at  

Century Aluminum Co.'s stock is down 1.83 percent on a YTD basis, thanks to its 0.5 percent decline in last Friday's trading session. The stock closed at $8.04 after trading in the range of $7.98 and $8.20. It shows bearish streak and may touch $8.21 level. Its second resistance level is at $8.41. The stock traded 719,593 shares during Friday's session, down from its average trading volume of 945,434 shares. The aluminum company declined 12.7 percent in the past 52 weeks but has shown some recovery in 2013. It is currently trading below its short-term moving average price of $8.19. The free report on CENX can be downloaded by signing up now at  

Turquoise Hill Resources Ltd's stock is still in the red zone for its YTD returns despite 1.88 percent gain in Friday's trading session. The stock traded in the range of $6.36 and $6.63, closing at $6.49. However, it traded lower than average number of shares at 1.31 million. The stock is in a bearish mode and is likely to reverse its upward ascent in the coming sessions. Its first resistance level is at $6.77 and it may test the support level of $6.33 in the coming trading sessions. Turquoise Hill Resources Ltd currently commands market capitalization of $6.52 billion. Free report on TRQ can be accessed by registering at  

Teck Resources Ltd traded in the range of $27.75 and $28.28 in its latest trading session and ended the day at $28.12, up 0.11 percent. The stock's 52 weeks range stands at $26.12 and $38.57. The company has lost 19.93 percent of its value in the past 12 months, while it lost 20.16 percent on a YTD basis. Teck Resources is in a neutral mode and may find its first support level at $27.79. It is trading below its 20-day moving average price of $28.12. The company is a highly volatile stock as it trades at the beta of 3.42. Register with StockCall and download the research on TCK for free at  

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