Alcoa Stock's Pullback May Not Last Long
Alcoa(AA) Schaeffers Research·2024-05-09 02:50
Alcoa Corp (NYSE:AA) stock is down 3.1% to trade at 38.20. The 40-day moving average and $34 region contained this recent pullback, however, and the shares now look ready to bounce, according to a historically bullish signal. Specifically, the equity's recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for Alcoa stock in the past. According to dat ...