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


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.

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