AA, Short next week? Divergence says yes. Short

Alcoa CorporationNYSE

Description

⋅ Feb 15, 2013 6:07 AM

Here we have AA pressing against the top of the linear regression line, at resistance. There is negative diverging indicators in the MACD, RSI, OBV. First line support is in the 9.00 range, look for a pull back to at least this range.