Alcoa stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 68 to 71.
This unique rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they begin their biggest price moves. See if Alcoa stock can continue to show renewed price strength and clear that threshold.
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Is Alcoa Stock A Buy?
Alcoa stock is now considered extended and out of buy range after clearing a 35.03 buy point in a first-stage cup without handle. See if the metal stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The aluminum makr posted 0% EPS growth last quarter. Sales rose -3%. The next quarterly numbers are expected on or around Apr. 17.
Alcoa stock earns the No. 21 rank among its peers in the Mining-Metal Ores industry group. Cameco, Ero Copper and Teck Resources Cl B are among the top 5 highly rated stocks within the group.
