Alcoa Still Unable to Hit New Highs on the First Try

Alcoa Inc. (AA) was last reviewed on July 20, and we were bullish, but not pounding the table, so to speak: "It looks like AA is poised for a test of the January-February highs in the $38-$39 area. At this juncture I do not have a strong sense that prices can clear this peak on the first try, so traders should not overweight a trade from the long side."

This stock is one of the three that Jim Cramer mentioned in a story on Tuesday morning as illustrative for how the market feels more treacherous than it looks. ...228 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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