This is the 6th time I am promoting Alcoa Inc AA. It is currently the best DOW stock as it has the highest expected returns.
Swing trading range. $13.3 - $15.3 (15% returns)
Why Alcoa Inc? It is the only commodity stock that has not broken upwards to the elevated trading zone as shown above.
Even United Steel has broken upwards to its new trading zone. FCX too.
Alcoa Inc has been forgotten by the portfolio managers. Fret not, this should be the last time it gets pressured by the sellers at $13.90, I strongly feel that Alcoa Inc will rise to the new trading range.
Especially that the Durable goods rose 3%. This is significant for Aluminum sellers as Durable goods include transportation like aeroplanes. They use up alot of aluminum.
Alcoa should be trading within $14.20 - $15.3 next week.
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