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Look for Shares of Alcoa Corp to Potentially Pullback after Yesterday's 2.78% Rise

By Nick Russo

Alcoa Corp (NYSE:AA) traded in a range yesterday that spanned from a low of $54.40 to a high of $56.50. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $55.38 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Alcoa Corp on March 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.14. Since that recommendation, shares of Alcoa Corp have risen 11.8%. We continue to monitor AA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Alcoa Corp have traded between a low of $21.78 and a high of $57.50 and are now at $56.39, which is 159% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

Keywords: rebounders alcoa corp

Ticker(s): AA