Here's Where I'm Shorting This Aluminum Titan
InTheMoneyStocks.com | Apr 19, 2018 02:36PM ET
Shares of Alcoa (NYSE:AA) jumped higher Thursday after reporting a solid beat on its quarterly earnings. The stock went as high as $62.35 and is a dead short. In fact, I alerted Research Center members to short at $62.15 based on an epic trend-line hit and multiple extreme overbought signals. The stock price itself is up from $44 in less than three weeks. That's a 50% move just going into earnings. What did investors think? It was going to run-up another 50%? This is the lunacy of average investors who listen to the blabbing media.h3 Price Target/h3
Learn to read the charts. They clearly show Alcoa as a strong short with a downside price target within days of $57 and longer term, $50. Already, $2+ in the money in just hours.
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