Alcoa (AA) Offering Possible 6.8% Return Over the Next 6 Calendar Days

Alcoa's most recent trend suggests a bearish bias. One trading opportunity on Alcoa is a Bear Call Spread using a strike $23.50 short call and a strike $29.00 long call offers a potential 6.8% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $23.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $5.15 would be incurred if the stock rose above the $29.00 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 49.9 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

Steven Romick Discloses 2 Stock Buys
Thu, 11 Jul 2019 22:36:39 +0000
FPA Crescent Fund manager reports 2nd-quarter portfolio, sells Axalta and Alcoa Continue reading…

Analysts Estimate Alcoa (AA) to Report a Decline in Earnings: What to Look Out for
Wed, 10 Jul 2019 14:30:02 +0000
Alcoa (AA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Alcoa Corporation Provides Update on Avilés and La Coruña Plants in Spain
Fri, 05 Jul 2019 13:15:00 +0000
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, to acquire the Alcoa Avilés and La Coruña aluminum plants in Spain. Alcoa has reached an agreement with the workers’ representatives relating to a transaction between the Company and PARTER Capital Group AG. Alcoa reached an agreement in January 2019 with the workers’ representatives at the two aluminum plants as part of the collective dismissal process announced in October 2018.

Alcoa to Sell Spain Plants to Parter Capital, Take Charges
Fri, 05 Jul 2019 12:14:00 +0000
The Pittsburgh aluminum major and its workers' representatives reached an accord regarding the deal with a Swiss private-equity firm.

The ‘Dinos of the Dow’ Are Beating the Stock Market
Fri, 05 Jul 2019 09:15:00 +0000
We recently identified seven iconic U.S. companies that, at one point, fell on hard times. But these stocks have proved in 2019 that they are far from extinct, handily beating the Dow Jones Industrial Average.

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