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Alcoa Corp Bearish Moving Average Crossover Alert (AA)

By James Quinn

Alcoa Corp (NYSE:AA) crossed under its 10-day moving average of $47.30 on a volume of 4.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Alcoa Corp share prices have been bracketed by a low of $35.54 and a high of $62.35 and are now at $43.58, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Alcoa Corp and will alert subscribers who have AA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses alcoa corp

Ticker(s): AA