Alcoa (AA) Offering Possible 8.7% Return Over the Next 20 Calendar Days

Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $20.00 short put and a strike $15.00 long put offers a potential 8.7% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $20.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $15.00 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 58.7 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

Here is What Hedge Funds Think About Alcoa Corporation (AA)
Thu, 24 Oct 2019 00:22:17 +0000
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat the S&P […]

RPT-COLUMN-Sustainability the new battleground for aluminium producers: Andy Home
Wed, 23 Oct 2019 01:00:00 +0000
The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. It's not quite an annual event but Alcoa shareholders have been here many times before as the company keeps trying to move down the cost curve in the face of chronically depressed prices. On the London Metal Exchange (LME) three-month aluminium has ground steadily lower over the course of 2019 and at a current $1,720 per tonne is close to the near three-year low of $1,705 recorded earlier this month.

Edited Transcript of AA.N earnings conference call or presentation 16-Oct-19 9:00pm GMT
Mon, 21 Oct 2019 07:19:06 +0000
Q3 2019 Alcoa Corp Earnings Call

Alcoa (AA) Catches Eye: Stock Jumps 6%
Fri, 18 Oct 2019 12:44:12 +0000
Alcoa (AA) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

How a small aluminum maker won U.S. trade protection
Fri, 18 Oct 2019 11:11:30 +0000
When Donald Trump won the White House, the sprawling aluminum smelter that hugs the Ohio River here was operating at less than half its capacity, and most of its skeleton crew of 270 remaining workers were fearful about their future. How a tiny industry – only 4,000 U.S. workers are directly involved in making primary aluminum currently – won protection is a testament to savvy lobbying, and one firm’s ability to get the Trump administration to view it as a sector that would soon be gone without a government intervention. Century Aluminum Co , which operates the Hawesville smelter and ranks as the second-largest aluminum maker in the United States, spearheaded the fight.

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