The following is Technical Analysis on Alcoa, Inc. (AA) stock for January 6, 2010Alcoa, Inc. (AA) Support & Resistance Levels - 1/6/10
Resistance Levels - $16.89
Support Levels - $15, $13.86
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Alcoa, Inc. (AA) had a nasty reversal Monday after testing the 52 week high at $16.89. This is usually a sign of a short term stock and with earnings due out next week, things could get very volatile. I like Alcoa as long as it remains above the 10 day moving average on a closing basis. I would be a buyer of a pullback to the 50 day moving average around $14.
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