Bearish Moving Average Cross by Alcoa (AA)
Today, shares of Alcoa (NYSE:AA) have fallen below their 10-day MA of $10.73 on a volume of 8.1 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 share prices have been bracketed by a low of $6.14 and a high of $14.25 and are now at $10.45, 70% 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 1.8%.
SmarTrend is tracking the current trend status for Alcoa and will alert subscribers who have AA in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Alcoa