P&F Descending Triple Bottom Breakout – AA, ACH

Alcoa Inc. (NYSE:AA) percentage change surged 0.18%, to close at $11.23 and its overall traded volume was 27.99M shares in the last trading session. AA opened at $11.78 and is trading within the range of $11.20-$11.79. The 52-week range of the stock is $9.92 – $18.47. At current market price, the market capitalization of the company stands at $11.95B and it has 1.06B outstanding shares.Alcoa Inc. (Alcoa) is engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its participation in mining, refining, smelting, fabricating, and recycling. During the year ended December 31, 2010, aluminum and alumina represent more than 80% of Alcoa’s revenues. Nonaluminum products include precision castings and aerospace and industrial fasteners. Alcoa’s products are used globally in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. It is a global company operating in 31 countries. In addition, it has investments and operating activities in Australia, Brazil, the People’s Republic of China, Guinea, Iceland, Russia, and Saudi Arabia. During 2010, it completed the acquisition of Three Rivers Aluminum Company doing business as Traco. In July 2010, the Company completed the sale of its Transportation Products Europe business.

Aluminum Corp. of China Limited (ADR) (NYSE:ACH) percentage change fell -1.77%, to close at $15.53 and its overall traded volume was 360,464.00 shares in the last trading session. ACH shares were trading within the range of $15.51-$16.00 while its opening price was $16.00. The stock has a 52 week range of $15.51 – $26.80. The market capitalization of the company stands at $8.40B and it has 540.98M outstanding shares.Aluminum Corporation of China Limited is a producer of alumina, primary aluminum and aluminum fabrication in the People’s Republic of China. The Company is engaged in mining of bauxite, manufacture and distribution of alumina, primary aluminum and aluminum fabrication products, as well as trading of non-ferrous metal products sourced from external suppliers. The scope of business of the Group includes the development of bauxite-related resources, the production, fabrication and distribution of bauxite, carbon and other smelted products. The Company operates in four segments: alumina, primary aluminium, aluminum fabrication and trading.