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Aluminum Stock in Rally Mode Before Earnings
AAAlcoa(AA) Schaeffers Research·2024-04-15 19:11

Alcoa Corp (NYSE:AA) stock is in rally mode ahead of its first-quarter earnings report, which is due out after the market close on Wednesday, April 17. The security is up 5.1% at 36.98atlastcheck,afterboththeU.S.andBritainbannedtheChicagoMercantileExchange(CME)and LondonMetalExchange(LME)fromacceptingnewRussianaluminumandnickel.Whilethe36.98 at last check, after both the U.S. and Britain banned the Chicago Mercantile Exchange (CME) and London Metal Exchange (LME) from accepting new Russian aluminum and nickel.While the 38 region has capped price action this month, the 20-day moving average has been a solid source of support since early March, and could remerge ...