Alcoa (AA) Offering Possible 8.7% Return Over the Next 13 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 8.7% return on risk over the next 13 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 $0.40 would be kept by the premium seller. The risk of $4.60 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 24.59 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 Analyst Says Alumina Oversupply Concerns Outweigh Short-Term Profit Opportunity
Wed, 05 Jun 2019 14:45:21 +0000
Although Alcoa Corp (NYSE: AA ) stands to benefit from the rally in alumina prices due to recent outages at two Chinese refineries, the impact is unlikely to last beyond the next few months — and the prospect of …

USW Members Authorize Strike against Alcoa
Sat, 01 Jun 2019 00:30:00 +0000
The strike authorization votes were conducted during meetings at each location over the course of the past two weeks. USW members have continued to work under the terms and conditions of a contract that was set to expire on May 15, 2019, when the USW and Alcoa agreed to a temporary extension, subject to termination by either party with notice.

Miners Approach 52-Week Lows as Trade War Heat Intensifies
Thu, 23 May 2019 17:01:08 +0000
Miners Approach 52-Week Lows as Trade War Heat IntensifiesMiners’ returns todayUS equity markets are in the red today amid the escalation in the US-China trade war. Metals and mining stocks have especially come under pressure, and the SPDR

Will Alcoa Benefit from a Section 232 Exemption for Canada?
Mon, 20 May 2019 13:42:31 +0000
Will Alcoa Benefit from a Section 232 Exemption for Canada?AlcoaLast week, US President Donald Trump exempted Canada and Mexico from the Section 232 steel and aluminum tariffs. Both countries have managed to get complete exemptions without any

Steel maker stocks fall after WSJ report a deal to end tariffs on imports from Canada, Mexico was close
Fri, 17 May 2019 16:31:00 +0000
Steel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and Mexico to end tariffs on steel imports. Shares of U.S. Steel Corp. fell 2.7%, Nucor Corp. shed 3.6%, Steel Dynamics Inc. gave up 2.9% and ArcelorMittal slid 3.4%. Meanwhile, the S&P 500 was down just 0.2%. Among aluminum companies, Alcoa Corp.'s stock fell 1.7% and Kaiser Aluminum Corp. declined 1.5%. The WSJ reported, citing sources, that U.S. trade negotiators were trying to reach a deal on tariffs with Canada and Mexico to "push USMCA through Congress."

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