Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $21.00 short put and a strike $16.00 long put offers a potential 8.7% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $21.00 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 $16.00 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 35.48 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
Does Alcoa’s Risk-Return Profile Look Favorable Now?
Tue, 11 Jun 2019 14:00:40 +0000
Does Alcoa's Risk-Return Profile Look Favorable Now?AlcoaLeading US-based aluminum producer Alcoa (AA) has seen a selling spree this year, losing 18.5% of its market cap.Alcoa isn’t the only metals and mining stock to underperform the broader
Here is What Hedge Funds Think About Alcoa Corporation (AA)
Fri, 07 Jun 2019 20:28:23 +0000
Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the unlimited research abilities of the […]
Is Alcoa Corporation (NYSE:AA) As Strong As Its Balance Sheet Indicates?
Fri, 07 Jun 2019 14:32:55 +0000
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Alcoa Corporation…
Alcoa Analyst Says Alumina Oversupply Concerns Outweigh Short-Term Profit Opportunity
Wed, 05 Jun 2019 14:45:21 +0000
Although Alcoa Corp (NYSE: AA ) stands to benefit from the rally in alumina prices due to recent outages at two Chinese refineries, the impact is unlikely to last beyond the next few months — and the prospect of …
USW Members Authorize Strike against Alcoa
Sat, 01 Jun 2019 00:30:00 +0000
The strike authorization votes were conducted during meetings at each location over the course of the past two weeks. USW members have continued to work under the terms and conditions of a contract that was set to expire on May 15, 2019, when the USW and Alcoa agreed to a temporary extension, subject to termination by either party with notice.
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