30 AUGUST 2011worldal
Analyst Rating In Review: Alcoa Bid Up 5.8% Since Upgraded 7 Days Ago (AA)
Edited by : AL CIRCLE
1 min read
Davenport upgraded Alcoa (NYSE:AA) from Neutral to Buy a week ago. Alcoa shares are selling at $11.86, 5.8% above the $11.21 price point of one week ago.
A 49.0% potential upside exists for Alcoa, based on a current level of $12.13 and analysts' average consensus price target of $18.08. The stock should run into initial resistance at its 50-day moving average (MA) of $14.27 and subsequent resistance at its 200-day MA of $15.60.
A 49.0% potential upside exists for Alcoa, based on a current level of $12.13 and analysts' average consensus price target of $18.08. The stock should run into initial resistance at its 50-day moving average (MA) of $14.27 and subsequent resistance at its 200-day MA of $15.60.
Previous article
Aluminium demand to grow by 13% in 2011: RUSAL
Next articleSMM Aluminum Survey: Cargo-holders Actively Tout Goods on Capital Pressure
Grow with
AL Circle
