• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 445311 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1419297770 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1419297770 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Watch for Shares of Alcoa (AA) to Approach Support at $8.87

Published on Wed, 02/20/2013 - 13:38
By Peter Chu

Alcoa (NYSE:AA) has opened bearishly below the pivot of $9.14 today and has reached the first level of support at $8.97. Investors may be interested in a cross of the next downside pivot targets of $8.87 and $8.60.

There is potential upside of 15.9% for shares of Alcoa based on a current price of $8.93 and an average consensus analyst price target of $10.35. The stock should find initial support at its 50-day moving average (MA) of $8.89 and further support at its 200-day MA of $8.74.

Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products.

Over the past year, Alcoa has traded in a range of $7.97 to $10.75 and is now at $8.93, 12% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Watch for Continued Gains in Shares of T...

Shares of T Rowe Price (NASDAQ:TROW) traded today at $87.45, breaking its 52-week high. ...

Shares of TriQuint Semiconductor Rise to...

Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded today at $27.36, breaking its 52- ...

TJX Cos: The Winning Streak Continues (T...

TJX Cos (NYSE:TJX) traded today at a new 52-week high of $67.49. This new high was rea ...

TreeHouse Foods: The Winning Streak Cont...

Shares of TreeHouse Foods (NYSE:THS) traded at a new 52-week high today of $88.52. So ...

Recent 52-Week High Exceeded in Shares o...

Taser International (NASDAQ:TASR) traded at a new 52-week high today of $26.39. So far ...

TravelCenters of America Looks to Contin...

Shares of TravelCenters of America (AMEX:TA) traded at a new 52-week high today of $12. ...

Recent 52-Week High Exceeded in Shares o...

Shares of Sensient Technologies (NYSE:SXT) traded at a new 52-week high today of $61.74 ...

Watch for Continued Gains in Shares of S...

Shares of Skyworks Solutions (NASDAQ:SWKS) traded today at $74.18, breaking its 52-week ...