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Alcoa Crosses Above its 10-day MA (AA)

By James Quinn

Alcoa (NYSE:AA) crossed over its 10-day moving average of $32.17 on a volume of 1.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Alcoa has traded in a range of $6.14 to $39.78 and is now at $32.45, 429% above that low. 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 15.0%. We continue to monitor AA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Alcoa

Ticker(s): AA