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Alcoa Corp Bullish Moving Average Crossover Alert (AA)

By David Diaz

Alcoa Corp (NYSE:AA) shares have crossed bullishly above their 10-day moving average of $37.93 on a volume of 689K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Alcoa Corp share prices have been bracketed by a low of $21.78 and a high of $40.36 and are now at $38.39, 76% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Alcoa Corp 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 Corp have risen 36.0%. We continue to monitor AA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alcoa corp

Ticker(s): AA