Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $30.00 short put and a strike $25.00 long put offers a potential 21.95% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $30.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $25.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Alcoa is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Alcoa is bullish.
The RSI indicator is at 50.06 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Alcoa
Alcoa Investors: What’s Keeping Chinese Aluminum Exports Subdued?
Mon, 12 Dec 2016 16:07:36 GMT
Trump Rally and Chinese Data Give Metal Investors a Boost
Mon, 12 Dec 2016 14:34:04 GMT
Is Alcoa Corporation (AA) A Good Stock To Buy According To Hedge Funds?
Sun, 11 Dec 2016 02:27:27 GMT
Molly Beerman Named Vice President and Controller of Alcoa Corporation
Tue, 06 Dec 2016 21:10:00 GMT
Business Wire – Alcoa Corporation today announced that Molly Beerman has been named Vice President and Controller of the Company, and she will serve as principal accounting officer, effective Dec.
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