Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 6.38% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $45.00 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 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
Why Alcoa Corporation Stock Rocketed 30% Higher in December
Thu, 04 Jan 2018 16:45:00 +0000
Aluminum maker Alcoa had a great month at the end of 2017, here's what drove the massive stock price advance
What to Expect From Alcoa Corp. in 2018
Sat, 30 Dec 2017 16:36:00 +0000
The aluminum leader crushed it in 2017. Did that set the stage for a tremendous 2018 campaign?
The Industrials Revolution: Feinseth's Picks for 2018
Thu, 28 Dec 2017 16:45:39 +0000
Dec.28 — Ivan Feinseth, Tigress Financial Partners CIO, discusses his top picks for the industrials sector in 2018. He speaks on "Bloomberg Markets: The Open."
How Financially Strong Is Alcoa Corporation (NYSE:AA)?
Wed, 27 Dec 2017 20:35:15 +0000
Mid-caps stocks, like Alcoa Corporation (NYSE:AA) with a market capitalization of $9.32B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks.Read More…
Alcoa Schedules Fourth Quarter and Full-Year 2017 Earnings Release and Conference Call
Wed, 27 Dec 2017 13:45:00 +0000
Alcoa Corporation plans to announce its fourth quarter and full-year 2017 financial results on Wednesday, January 17, 2018 after the close of trading on the New York Stock Exchange.
Related Posts
Also on Market Tamer…
Follow Us on Facebook