The 200 Day Moving Average is a Great Reference Point for Alcoa

New York, January 4th (TradersHuddle.com) -Alcoa, Inc. (NYSE:AA) closed the trading session at $9.07 near its 200 day moving average set at $8.88. Alcoa's price action is just above this key support level, grabbing traders' attention for a possible trading opportunity.

Alcoa Inc. (NYSE:AA) produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. Its products are used in aircraft, automobiles, commercial transportation, building and construction, oil and gas, defense, and other industrial applications. Alcoa was founded in 1888 and serves customers worldwide.

The latest price action range, defined by a peaks and troughs algorithm, places calculated support at $7.98 and resistance at $8.91. These levels will provide insight for the stock's latest price dynamics.

Traders wanting to establish a position on Alcoa will look for evidence of buying near the 200 day moving average, before opening the position as close as possible to this key technical level. Also, they need to consider the latest range defined by the calculated support and resistance levels for insights on other key levels that might have an effect on future price movements.



Related Articles

    Related Partner Headlines

      What’s the next under-$10 stock that could be ready to skyrocket? Find out now when you join David Peltier at Stocks Under $10.

      TradersHuddle Search

      Stock Search:


      Site Search:

      Loading

      Technical Scans

      Recent Trading Ideas

      Latest Partner Headlines

      Stock Market

      Loading
      Chart
      o Dow Jones 18,034.93 0.00 (0.00%)
      o S&P 500 2,100.40 0.00 (0.00%)
      o NASDAQ 4,994.60 0.00 (0.00%)
      INDEXDJX:.DJI

      Dow Jones

      Company ID [INDEXDJX:.DJI] Last trade:18,034.93 Trade time:4:39PM EDT Value change:0.00 (0.00%)
      INDEXSP:.INX

      S&P 500

      Company ID [INDEXSP:.INX] Last trade:2,100.40 Trade time:4:39PM EDT Value change:0.00 (0.00%)
      INDEXNASDAQ:.IXIC

      NASDAQ

      Company ID [INDEXNASDAQ:.IXIC] Last trade:4,994.60 Trade time:5:15PM EDT Value change:0.00 (0.00%)

      In The Wires

      Copyright © 2013 TradersHuddle.com. All Rights Reserved.