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Alcoa Corp (AA) Breaks Through Resistance at $18.74

By Shiri Gupta

Alcoa Corp (NYSE:AA) has opened bullishly above the pivot of $18.47 today and has reached the first level of resistance at $18.74. Investors may be interested in a cross of the next upside pivot targets of $19.09 and $19.71.

There is potential upside of 248.9% for shares of Alcoa Corp based on a current price of $18.41 and an average consensus analyst price target of $64.23. The stock should find initial resistance at its 50-day moving average (MA) of $19.65 and further resistance at its 200-day MA of $24.56.

In the past 52 weeks, shares of Alcoa Corp have traded between a low of $16.46 and a high of $41.01 and are now at $18.41, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Alcoa Corp and will alert subscribers who have AA in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts alcoa corp

Ticker(s): AA