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Alcoa Corp Crosses Below its 10-day MA (AA)

By Shiri Gupta

Alcoa Corp (NYSE:AA) crossed under its 10-day moving average of $21.55 on a volume of 427K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Alcoa Corp have traded between a low of $20.82 and a high of $50.59 and are now at $21.44, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has slid 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Alcoa Corp on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $26.83. Since that call, shares of Alcoa Corp have fallen 18.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses alcoa corp

Ticker(s): AA