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Shares of Alcoa Corp Rise Above Previous 52-Week High

By David Diaz

Alcoa Corp (NYSE:AA) traded today at a new 52-week high of $44.41. Approximately 493,000 shares have changed hands today, as compared to an average 30-day volume of 28 million shares.

Alcoa Corporation manufactures metal products. The Company offers titanium, nickel, and aluminum products. Alcoa serves customers worldwide.

Alcoa Corp (NYSE:AA) defies analysts with a current price ($44.23) 3.2% above its average consensus price target of $42.82. Alcoa Corp shares have support at the 50-day moving average (MA) of $9.84 and additional support at the 200-day MA of $9.19.

In the past 52 weeks, shares of Alcoa Corp have traded between a low of $21.78 and a high of $44.41 and are now at $44.23, which is 103% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Alcoa Corp 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 Corp have risen 59.2%. We continue to monitor AA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows alcoa corp

Ticker(s): AA