Alcoa (AA) Offering Possible 5.71% Return Over the Next 29 Calendar Days

Alcoa's most recent trend suggests a bearish bias. One trading opportunity on Alcoa is a Bear Call Spread using a strike $29.00 short call and a strike $34.00 long call offers a potential 5.71% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $34.00 long call strike price.

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

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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

China aluminium biz will lift competition
Thu, 20 Oct 2016 00:01:10 GMT
AAP – China's giant aluminium makers are pushing into the global automotive and aerospace markets, with industry sources expecting their presence to heat up competition and possibly spark a buying spree for Western metals companies. China's top aluminium companies are venturing into the more lucrative parts of the global value chain, on course to seize market share from the likes of Alcoa and Constellium , as they look to buy into foreign firms to boost their technical know-how and expand their reach. The chief executive of Novelis Inc, the world's largest maker of rolled aluminium products, last week said he expected competition with Chinese producers to be “very fierce” over the next five to 10 years in the high-value-added sectors of aerospace and engineering – which so far have been dominated by European and US manufacturers.

Alcoa Inc. Announces Revised Record Date for Quarterly Cash Dividend for Common Stock
Wed, 19 Oct 2016 20:28:07 GMT
noodls – Investor Contact Media Contact Matthew Garth Monica Orbe (212) 836-2714 (212) 518 5455 Matthew.Garth@alcoa.com Monica.Orbe@alcoa.com NEW YORK, October 19, 2016 – On September 29, 2016, the Board of Directors …

4:26 pm Alcoa revises dividend record date to November 11 from November 4
Wed, 19 Oct 2016 20:26:00 GMT

Alcoa Inc. Announces Revised Record Date for Quarterly Cash Dividend for Common Stock
Wed, 19 Oct 2016 20:23:00 GMT
Business Wire – On September 29, 2016, the Board of Directors of Alcoa Inc. declared a quarterly common stock dividend of 9 cents per share, payable on November 25, 2016, to holders of record as of the close of business on November 4, 2016.

ETF’s with exposure to Alcoa, Inc. : October 19, 2016
Wed, 19 Oct 2016 14:39:21 GMT

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