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Bullish Moving Average Cross by Alcoa Corp (AA)

By Shiri Gupta

Today, shares of Alcoa Corp (NYSE:AA) have crossed bullishly above their 10-day moving average of $18.44 on a volume of 785K 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, shares of Alcoa Corp have traded between a low of $16.68 and a high of $45.65 and are now at $18.96, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1%.

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 $26.84. Since that call, shares of Alcoa Corp have fallen 31.8%. 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