Technical Outlook: Alcoa Aluminum NYSE:AA
Technical Outlook: Alcoa Aluminum NYSE:AA
Profile: Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide. The company involves in the technology, mining, refining, smelting, fabricating, and recycling of aluminum. Its non aluminum products include precision castings, and aerospace and industrial fasteners. Alcoa offers flat-rolled products, such as sheet and plate, foil products, and can reclamations; engineered products and solutions, including titanium, aluminum and super alloy investment castings, hard alloy extrusions, forgings and fasteners, aluminum wheels, integrated aluminum structural systems, and architectural extrusions; and automotive components. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. The company holds interests in bauxite mining activities. It has operations in Australia, Brazil, China, Iceland, Guinea, Russia, and the Kingdom of Saudi Arabia. The company was founded in Y 1888 and is HQ’d in New York, New York.
Alcoa unofficially opens the earnings season Tuesday after the closing bell on the NYSE, and then hold a conference call with analysts beginning at 5 p EST. On the call will be Alcoa Chairman/CEO Klaus Kleinfeld and Executive Vice President/CFO Chuck McLane.
I follow AA, it is the world leader in all phases of aluminum production and fabrication, AA is trading above its 20, 50 and 200-Day SMAs.
AA’s PCR is 0.50
PCR statistics serve as a useful predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying stock.
A high PCR suggests that the investment sentiment is Bearish and that investors expect the underlying stock to decrease in value.
A low PCR implies that investor sentiment is Bullish based on the large amount of Call options.
Unusual volume provides reliable clues that the stock is expected to make a move.
Monday AA closed at 9.10 Down 0.16(1.73%) 4:00p EST|After Hours : 9.13 Up 0.03 (0.33%) 7:59p EST
The day’s trading range was: 9.10-9.29
The 52 wk trading range is: 7.97-10.92
Volume: 21.8-M/shrs is more that the 90 day average of 16.4-M/shrs.
Next Earnings Date: 8 January 2013
Analysts Recommendation: Hold
1 yr Price Target Estimate: 10.24
Week Month Quarter Half Year Year
+7.42% +9.98% +4.99% +4.75% +1.65%
LTN Analysis Overall Short Intermediate Long
Bullish (0.41) Bullish (0.35) Bullish (0.44) Bullish (0.44)
Recent CandleStick Analysis Very Bearish
7 Jan 2013 Bearish Engulfing
Direction Date Range
up 2 Jan 2013 8.69 to 8.84
Support and Resistance
Type Value Conf.
resist. 9.84 2
resist. 9.21 4
resist. 9.15 2
supp 8.98 2
supp 8.89 8
supp 8.77 2
supp 8.70 5
supp 8.64 2
supp 8.49 4
supp 8.42 4
supp 8.21 2
supp 8.03 6
Ind. Short Inter Long
EMA VBu VBu VBu
MACD VBu Bu VBu
Fibs Bu Bu Be
Highs N Bu VBu
Lows VBu VBu VBu
Trends N N N
VBu=Very Bullish, Bu=Bullish
Be=Bearish, VBe=Very Bearish
Heffernan Capital Management
Business Development Director – Private Client Group,
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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