Alcoa (AA) Offering Possible 11.11% Return Over the Next 9 Calendar Days

Alcoa's most recent trend suggests a bearish bias. One trading opportunity on Alcoa is a Bear Call Spread using a strike $22.00 short call and a strike $27.00 long call offers a potential 11.11% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $22.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $27.00 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 at 54.77 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

Alcoa sells Arkansas waste treatment facility
Fri, 03 Jan 2020 18:50:58 +0000
Alcoa announced Thursday that it had agreed to sell its Arkansas waste treatment facility to Veolia ES Technical Solutions in a transaction expected to close in the first quarter of 2020. According to a press release for Alcoa, the company will receive $200 million in cash at closing for the sale of Elemental Environmental Solutions, the wholly-owned subsidiary of Alcoa that owns the 1,300-acre hazardous waste treatment business. Alcoa will receive an additional $50 million if certain post-closing conditions are satisfied.

Alcoa (AA) to Divest Gum Springs Facility to Veolia for $250M
Fri, 03 Jan 2020 14:38:02 +0000
The divestment of Alcoa's (AA) Elemental Environmental Solutions business will enable the company to focus more on its core business.

New Strong Sell Stocks for January 3rd
Fri, 03 Jan 2020 14:26:02 +0000
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

Alcoa Announces Agreement to Sell Gum Springs Facility in $250 Million Transaction
Thu, 02 Jan 2020 21:10:00 +0000
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions (VTS) in a transaction expected to close in the first quarter of 2020.

Simple Market Timing Strategies That Work – December 24, 2019
Tue, 24 Dec 2019 14:39:02 +0000
Is the ability to time the markets more of a data-driven science or a 'gut – feeling' art?

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