• Return to Headlines

Watch for Shares of Alcoa Corp (AA) to Approach Support at $27.40

By David Diaz

Alcoa Corp (NYSE:AA) has opened bearishly below the pivot of $27.84 today and has reached the first level of support at $27.59. Investors may be interested in a cross of the next downside pivot targets of $27.40 and $26.96.

In the past 52 weeks, shares of Alcoa Corp have traded between a low of $25.01 and a high of $62.35 and are now at $27.74, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.2%.

There is potential upside of 131.5% for shares of Alcoa Corp based on a current price of $27.74 and an average consensus analyst price target of $64.23. The stock should find initial resistance at its 50-day moving average (MA) of $28.70 and further resistance at its 200-day MA of $35.06.

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