Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 8.7% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $30.00 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 75.84 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Alcoa
Is Century Aluminum's 76% Stock Surge Deserved?
Mon, 30 Jan 2017 00:50:00 GMT
Is Alcoa's 30% Year-to-Date Rise Deserved?
Sun, 29 Jan 2017 23:37:00 GMT
5 Trade Ideas for Monday: Alcoa, Boston Scientific, Cerner, FedEx and Yum
Sun, 29 Jan 2017 18:09:05 GMT
Is Alcoa Stock Too Hot to Handle?
Fri, 27 Jan 2017 14:35:00 GMT
TheStreet – Alcoa has been on an incredible run — up 73% in three months.
What Are Analysts Projecting for Arconic’s 4Q16 Revenues?
Fri, 27 Jan 2017 14:06:40 GMT
Market Realist – Analysts expect Arconic to post revenues of $3.0 billion in 4Q16. Alcoa’s downstream business posted revenues of $3.37 billion in 3Q16.
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