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Alcoa


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Technical Analysis – Alcoa’s stock brightens bullish outlook at fresh record high

Alcoa’s shares surged to a new all-time high of 72.21 on Wednesday, raising their year-to-date gains to +20%. The stock has upgraded its long-term positive outlook above the seven-month-old bullish channel, though with the price having closed twice above the upper Bollinger band, the odds for a downside correction in the short-term are looking increasingly high as the RSI and the Stochastics hover in overbought territory.

Alcoa headed for another earnings beat as aluminium prices skyrocket – Stock Market News

US aluminium giant, Alcoa Corp, will unveil its earnings results for the third quarter on Thursday after the market close. The Company has beaten its earnings in each of the preceding six quarters and with the price of aluminium soaring lately, another strong set of results could be on the cards. Alcoa stock has been outperforming the S&P 500 Metals & Mining Industry index this year, as well as the broader S&P 500 index.



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