Alcoa (AA) Offering Possible 20.48% Return Over the Next 6 Calendar Days

Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $53.00 short put and a strike $48.00 long put offers a potential 20.48% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $48.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Alcoa is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Alcoa is bullish.

The RSI indicator is at 32.49 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Alcoa

Apple says it's found a ‘revolutionary’ way to make its devices more environmentally friendly
Fri, 11 May 2018 07:24:00 +0000
Apple said the new process of smelting aluminum replaces the use of carbon with an advanced conductive material. Oxygen is released as a result instead of carbon dioxide, meaning the metal can be produced in an environmentally clean way. Aluminum is used in most of Apple's popular products, including the iPhone, iPad and iMac.

Alcoa and Rio Tinto Announce World’s First Carbon-Free Aluminum Smelting Process
Thu, 10 May 2018 18:22:00 +0000
Alcoa Corporation (AA) and Rio Tinto (RIO) today announced a revolutionary process to make aluminum that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process. Executives of Alcoa, Rio Tinto and Apple were joined by Canadian Prime Minister Justin Trudeau and Premier of Québec Philippe Couillard for the announcement, which signals the most significant innovation in the aluminium industry in more than a century.

Apple Backs Alcoa, Rio Tinto to Develop Carbon-Free Metal Making
Thu, 10 May 2018 18:04:32 +0000
Apple Inc. is backing a joint venture between metal producers Alcoa Corp. and Rio Tinto Group to develop a new aluminum-making process that eliminates greenhouse gases. The Alcoa-Rio joint venture, which will get initial funding of C$188 million ($147 million), will be based in Montreal and have a research facility in Quebec’s Saguenay region, the aluminum makers said Thursday in a statement. The announcement was made with Canadian Prime Minister Justin Trudeau on hand along with executives from the three companies.

Alcoa to Participate at Bank of America Merrill Lynch Global Metals, Mining and Steel Conference
Thu, 10 May 2018 12:30:00 +0000
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, announced today that Roy C. Harvey, President and Chief Executive Officer, and William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate at the Bank of America Merrill Lynch Annual Global Metals, Mining & Steel Conference in Miami, Florida, on Tuesday, May 15, 2018. The session will be available through a live audio webcast beginning at 4:30 p.m. EDT on Tuesday, May 15, on the Investors section of Alcoa’s website, www.alcoa.com.

[$$] Apple looks to ‘green’ metal for use in iPhone and MacBook
Thu, 10 May 2018 06:52:35 +0000
has joined forces with two of the world’s biggest aluminium producers to develop a “carbon-free” metal it plans to use in its iPhone and laptop computers. that is seeking to commercialise a new technology to eliminate greenhouse gas emissions from aluminium smelting. The move is the latest effort by Apple to reduce its emissions and shows how metals and mining companies are trying to lower their carbon footprints to satisfy customer demands.

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