TMCnet News
Next Support Level for Alcoa (AA) is $8.18Apr 03, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Alcoa (NYSE:AA) have bearishly opened below the pivot of $8.33 today and have reached the first support level of $8.24. Analysts will be watching for a cross of the next downside pivot targets of $8.18 and $8.03. In the past 52 weeks, shares of Alcoa have traded between a low of $7.97 and a high of $10.24 and are now at $8.27, which is 4% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.26% lower over the past week, respectively. Alcoa (NYSE:AA) has potential upside of 22.4% based on a current price of $8.27 and analysts' consensus price target of $10.12. The stock should run into initial resistance at its 200-day moving average (MA) of $8.70 and subsequent resistance at its 50-day MA of $8.72. SmarTrend is tracking the current trend status for Alcoa and will alert subscribers who have AA in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |