Century Aluminum Co

CENX’s decisive breakout above its recent $45–48 consolidation, with price reclaiming key EMAs on elevated volume, shifts the medium-term bias bullish. Momentum and rising short-term trend support follow-through, suggesting participation on pullback into the range high. Long-term trend remains downward but near-term structure favors upside. A sustained move beyond the $49 resistance would reinforce the advance; a close back below the EMAs would invalidate this stance.

• ↑Achieved 131k tons shipments in Q2 (+6% QoQ) on full-capacity restart
• ↑Q2 net income $249M with $327M adjusted EBITDA and $388M cash balance
• ↓Operational instability after restarts may cause production and revenue hiccups