By: Scott Redler
Although Alcoa (AA) doesn’t move that much, I do trade it a few times a year–when it’s ready! Right now looks like of of those times. I listed it this morning on my pricepoint sheet at $14.55. The first small resistance is $14.90ish, with a profit target of $15.25-15.50 and perhaps $16.50 for a gap fill. This is not a barn-burner, but could be a nice money-maker.
