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Alcoa Bullish Moving Average Crossover Alert (AA)

By Shiri Gupta

Today, shares of Alcoa (NYSE:AA) have advanced above their 10-day MA of $33.47 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Alcoa share prices have been bracketed by a low of $6.14 and a high of $39.78 and are now at $33.72, 449% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 1.55% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Alcoa on November 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.57. Since that recommendation, shares of Alcoa have risen 19.4%. We continue to monitor AA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Alcoa

Ticker(s): AA