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Barchart
Wajeeh Khan

Alcoa Stock Is Up 10% Over the Past 5 Days as Aluminum Prices Hit 4-Year High

Alcoa AA

Alcoa (AA) shares rallied on June 2 as aluminum prices on the London Metal Exchange hit a four-year high as the Strait of Hormuz disruptions tightened supply.

This single-day surge pushed AA’s relative strength index (RSI) into the mid-70s, indicating “overbought” conditions that often attract profit-takers.

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