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Alcoa Corporation
Company Overview: Alcoa Corporation (NYSE: AA) a prominent aluminum company, operates in various stages of the aluminum industry, including bauxite mining, alumina refining, aluminum manufacturing (smelting and casting), and energy production.
As per our previous US Daily report published on ‘AA’ on 18th April 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 35.55 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~13.55% since then and has attained resistance 1.
Noted below are the details of support and resistance levels provided in our previous report:
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Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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