Century Aluminum (NASDAQ: CENX) – Metal-Fab Leader with Surging Relative Strength
Why Watch It Tomorrow
Century Aluminum (CENX) just cleared a key technical benchmark—the stock’s Relative Strength (RS) Rating rose from 88 to 91, putting it securely above the 90 threshold that often signals market leadership.
While it isn’t yet in a confirmed buy zone, this RS upgrade suggests growing investor interest and strong price performance relative to peers. The recent earnings report showed a dramatic earnings growth surge (from ~0% to ≈ 2,900%), though revenue growth cooled from 29% to about 12%. Century Aluminum ranks #1 in the Metal‑Fabricators industry group—suggesting it’s outperforming even its closest comparable names.
Key Drivers Table
| Catalyst | Insight |
|---|---|
| RS Rating → 91 | Technically strong signal; stocks above 90 often lead the next run. |
| Earnings Explosion | Earnings growth jumped massively—not easily ignored, even with slower revenue growth. |
| Industry Top Rank | Being #1 in Metal‑Fabricators gives inherent competitive strength. |
| Potential Pattern Setup | Need to watch for consolidation or a breakout base forming with volume. |
Final Take
Century Aluminum is a strong relative strength breakout candidate. While revenue growth has cooled, the massive jump in earnings and its top‑industry ranking make it worth monitoring. If it can form a stable base or consolidate quietly with rising volume, CENX could be positioning for further upside. Watch for a clean retest of recent resistance or breakout with confirmation.