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Tuesday, July 10, 2007 

ALCOA and HANS with a nice chart

Hello Everyone I'm back again from a small vacations in Palma of Maiorca just for relax my mind from the stress. Well, let's talk now about stocks.

Chart courtesy of stockcharts

Shares of Alcoa were up today more than 1% to 42.36$ with a high volume before the earnings report. At this moment stock is falling nearly 1% in the extended trading after reported that second-quarter profit slipped nearly 4 percent as outage costs at two smelters weighed down results. Looking at the daily chart stock is trading near of the highs of the year in a Bullish moment, so even with this reaction in after-hours I believe in a tecnical perspective and based in the chart above, that stock should continue this uptrend. Keep an eye on AA for a possible breakout above 42.90 or on the other hand for a breakdown below 39.48$ ( I don't believe in the second scenario ).

Chart courtesy of stockcharts

HANS - Keep an eye tomorrow for a possible breakout over 46.44$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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