Twitter Ticker ($AA)
- Charles Amadeus
- October 8th, 2009
Alcoa is buzzing on StockTwits as the aluminum producer expects demand to grow in the coming months.
Trading in an uptrend above the upper Bollinger, $AA looks poised for further gains.
If $AA falls below 14.07, expect further consolidation before it continues its run.
The broad market is back on track to make new highs, and with gold leading the charge, inflation concerns will continue to dominate headlines.
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Charles Amadeus is an equity trader and IT entrepreneur from New York City. Utilizing technical analysis on a multitude of financial instruments, he writes commentary on risk management techniques for purchasing power preservation.
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