Get started

AA

AA ascending triangle + moving average crossingAA is making a short-term ascending triangle since 8 days, that should break in 2 or 3 days, combined with a crossing of the weighted moving averages of 5 and 25 days. The corresponding MACD also indicates a buy signal. Those 3 indications are a good buy for a 2 or 3 weeks planned bullish move. The move should stop at or a little bit above 23$, which is the resistance since many months. However, be careful about keeping your position or selling it before the earnings report of January 15th.
NYSE:AALong
by MatG15
Full Analysis + Trade Idea on ALCOA by ThinkingAntsOkUse this as an idea to develop your own setup: Main items we can see on the Daily Chart: a)Price is against a major Support zone b)We can see how the Bearish Movement have been decelerating c)This on context is a good signal for thinking on Reversal movements coming soon d)On the weekly chart, we can see a huge bullish Divergence e)Our idea is to wait for a fake-out on the mentioned area + consolidation structure f)If those items are accomplished we will set our orders on the explained areas on the chart. Weekly Vision:
NYSE:AALong
by ThinkingAntsOk
THE WEEK AHEAD: AA, NFLX EARNINGS; USO, GDX, XLB, EEM, IWMWith broad market volatility ramping up over the past week here (see VIX, VXN, RVX), premium sellers can afford to be picky here, since the board is alight from here to Sunday with implied volatility ranks in the 70's for ... well ... a ton of stuff. For earnings, my eye is on AA and NFLX with nearly ideal rank/implied metrics for volatility contraction plays. NFLX (rank 64/implied 61), a perennial earnings-related volatility contraction fave, announces earnings on Tuesday after market close. Due to its size and its having a tendency to move bigly around earnings, I would go defined: the November 16th 285/290/385/390 is paying 1.87 with a buying power effect of 3.13; a ten-wide with the same short strikes, 3.53, with a buying power effect of 6.47. AA, announcing on Wednesday after market close: 93/52. In my mind, small enough to go full on naked: the November 16th, 71% probability of profit 31/40 short strangle is paying 1.72 with a 50% max take profit of .86; the at-the-money skinny, quasi short-straddle -- the 35/36, 3.78, with a 25% take profit of .95. Alternatively, it's been somewhat hammered here and is within 5% of 52-week lows which may make it suitable for a bullish assumption play: the 32/39/40 Jade Lizard is paying 1.00 on the nose with no upside risk and a low side break even of 31, a 13% discount over where the underlying is currently trading. On the non-earnings front: the top five funds in terms of implied volatility rank are USO (81/30), GDX (71/32), XLB (68/27),* EEM (66/27),** and IWM (63/26); the top five ranked by 30-day implied: EWZ (58/44), UNG (36/41),*** XOP (52/36), OIH (56/36), and GDXJ (60/34). * -- Possible bullish assumption directional; new 52-week low. ** -- Possible bullish assumption directional candidate: new 52-week low. *** -- Possible bearish assumption directional candidate: new 52-week high.
NYSE:AA
by NaughtyPines