Tuesday, April 1, 2014

An Alcoa Top: The Charts Say So


Alcoa Inc (NYSE:AA) is the best performing Dow Jones Industrial Average stock of 2014. It has been a monster, hitting a new 52 week high today of $13.18. While this seems great, it may have put in a top today. After surging early in the day, the stock has reversed and gone negative. There is a possible topping tail on the daily chart and it is up 50% in the last six months. This has the makings of a top written all over it. A pull back to $11.00 is likely should the markets begin to sell in the coming weeks.


Gareth Soloway


InTheMoneyStocks.com







Submitted April 01, 2014 at 12:46PM by inthemoneystocks http://ift.tt/1fKVISw

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