Thursday, April 19, 2018 1:34:44 PM
Shares of Alcoa (AA) jumped higher after reporting a solid beat on their quarterly earnings call. The stock jumped as high as $62.35. This was a dead short. In fact, I alerted Research Center members to short at $62.15 based on an epic trend line hit and multiple extreme overbought signals. The stock price itself is up from $44 in less than three weeks. That is a 50% move just going into earnings. What did investors think? It was going to run-up another 50%? This is the lunacy of average investors who listen to the blabbing media. Learn to read the charts. They clearly show Alcoa as a strong short with a downside price target within days of $57 and longer term, $50. Already, $2+ in the money in just hours.
Gareth Soloway
InTheMoneyStocks
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