Alcoa (AA) Offering Possible 25% Return Over the Next 19 Calendar Days

Alcoa's most recent trend suggests a bearish bias. One trading opportunity on Alcoa is a Bear Call Spread using a strike $28.50 short call and a strike $33.50 long call offers a potential 25% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $28.50 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $33.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Alcoa is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Alcoa is bearish.

The RSI indicator is at 58.09 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Alcoa

Alcoa Could Be in for Another Challenge
Thu, 28 Mar 2019 15:55:02 +0000
Alcoa’s Outlook Looks Murky amid Conflicting Indicators(Continued from Prior Part)Alcoa Last year, Alcoa (AA) posted adjusted EBITDA of $3.1 billion, which was higher than what it posted in 2017. The company’s 2018 earnings were primarily boosted

Alcoa’s Outlook Looks Murky amid Conflicting Indicators
Thu, 28 Mar 2019 14:22:03 +0000
Alcoa’s Outlook Looks Murky amid Conflicting IndicatorsAlcoa’s outlook Alcoa (AA), the leading US-based aluminum producer, is having a somber year. The stock has gained a mere 5.3% this year, underperforming broader markets. Alcoa and Century

Alcoa Schedules First Quarter 2019 Earnings Release and Conference Call
Wed, 27 Mar 2019 20:10:00 +0000
Alcoa Corporation plans to announce its first quarter 2019 financial results on Wednesday, April 17, 2019 after the close of trading on the New York Stock Exchange.

Trustee Requested To Oversee IPS Worldwide's Operations
Tue, 26 Mar 2019 15:28:29 +0000
U.S. Trustee Daniel McDermott has asked the U.S. Bankruptcy Court for the Middle District of Florida to appoint a Chapter 11 trustee to oversee the operations of IPS Worldwide. The request is sought due to concern regarding mismanagement of the firm's handling of freight invoices as the company restructures under a Chapter 11 bankruptcy filing. “The company's leadership does not have sufficient knowledge to lead the day to day operations effectively and should not continue receiving compensation,” stated Maria M. Yip, the examiner appointed to review the company's finances in her preliminary report presented to the court earlier this month according to the Daytona Beach News Journal.

Japanese aluminium buyers agree to Q2 premium increase, first time since Q3 2018
Mon, 25 Mar 2019 10:32:31 +0000
Japanese aluminium buyers agreed to purchase supplies for April to June at premiums that are as much as 27 percent higher than the previous quarter as spot premiums have climbed, five sources directly involved in the pricing talks said. The new premium (PREM-ALUM-JP) was set at $105 per tonne, up from the the $83 to $85 per tonne premiums in the January to March quarter, the sources said. Japan is Asia's biggest importer of aluminium and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.