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Tuesday, October 24, 2017 11:36:08 AM
Yesterday, leading lightweight metals engineering and manufacturing firm, Arconic Inc (NYSE:ARNC), dropped sharply after reporting earnings. The current daily chart pattern is signaling further downside in the near term. This stock is a spin-off from the old Alcoa and does not look particularly healthy at the moment. Traders and investors should note that yesterday's decline wiped out over one month of gains in a single trading session. The next major support level for ARNC stock will now be down around the $22.00 area. This level was defended in June 2017 and should serve as support again when retested.
![](http://www.inthemoneystocks.com/images/ARNC%2010.24.17.png)
Nicholas Santiago
InTheMoneyStocks
Recent ARNC News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 08/28/2023 12:00:21 PM
- Arconic Names Chris Ayers CEO and Chairman of the Board • Business Wire • 08/25/2023 08:00:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/22/2023 04:15:09 AM
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