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Stock Pick of the Day

Alcoa Inc)

Closing Price: $13.58

RSI: 52

MACD: 0.80

Alcoa Inc), an aluminum miner and producer, which has been struggling below its long term support level of 200 day MA, finally breached the same on Thursday to close at $13.58. Alcoa Inc. (AA), which has already gained 3.4% in the session already by closing on Thursday, is now quoting around $13.58, a shade above its 200 day MA of $13.54.

Alcoa Inc. (AA) was moving in a congestion zone for more than a month prior to this, and has been repeatedly making long candles on daily charts. However, Alcoa Inc. (AA) had failed to scale past its 200 day MA over the past one month, before it finally cleared the same on Thursday.

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