Alcoa (AA) busted its 20-dema yesterday on heavy selling volume. An analyst upgrade, specifically a Morgan Stanley analyst who has suddenly become "bullish" on the stock, is responsible for the move back up to the 10-dma today. We view this as a short here using the 10-dma as a covering guide.
Short-Sale Set Up - Alcoa (AA)
|Published:||24 Mar 2021 14:15 ET|
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