• Return to Headlines

Bearish Moving Average Cross by Alcoa (AA)

By Amy Schwartz

Today, shares of Alcoa (NYSE:AA) have fallen below their 10-day MA of $31.49 on a volume of 457K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Alcoa share prices have moved between a 52-week high of $39.78 and a 52-week low of $6.14 and are now trading 411% above that low price at $31.35 per share. 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 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 14.7%. 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