We haven't visited with the charts and indicators for Alcoa Inc. (AA) for a while. At the beginning of February, the charts looked positive and we said, "I would trade AA from the long side, risking to $35." With some hindsight we can see that AA traded a little higher and then started a four-month correction. We would have been stopped out at $35.
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Here's our updated trading strategy and price targets.
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