Alcoa Corp AA

Metals & Mining Aluminum

Alcoa Corporation is a vertically integrated aluminum company, which is engaged in bauxite mining, alumina refining, aluminum production (smelting and casting), and energy generation. The Company’s operations consist of two reportable business segments: Alumina and Aluminum. The Alumina segment consists of the Company’s worldwide refining system, which processes bauxite into alumina. The alumina produced by this segment is sold primarily to internal and external aluminum smelter customers; a portion of the alumina is sold to external customers who process it into industrial chemical products. The Company’s Aluminum segment consists of worldwide smelting and cast house system, which processes alumina into primary aluminum, and portfolio of energy assets in Brazil, Canada, and the United States. Its smelting operations produce molten primary aluminum, which is then formed by the casting operations into either common alloy ingot or into value-add ingot products.

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Alcoa Corp

Bullboard Posts

Post by mart33on Mar 09, 2008 5:07pm

697 Views

Post# 14629629

Wait it out

The chart is indicating Acloa still has a bit more to go before it turns upward. It has just dipped down to its EMA, and its macd has just crossed over. The RSI is right at 50. In a week or two, if the trendlines turn upward, buy before the macd crosses over again, and the rsi is still below 50. Strong aluminum prices will surely drive alcoa upward, and this would be a good company to trade on the upside. Any comments welcome!