Ape
Short

AA, watch support at 9

BATS:AA   ALCOA CORPORATION
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Last week I posted a chart on AA noting that it was butting its' head against the upper linear regression line. It has since backed off considerably and is now targeting the lower regression line at $9. I shorted at 9.27, and am holding to see how it reacts at the $9 level. If it can close below tomorrow then I will hold looking for 8.60-8.80 region. However if it bounces off support level and holds I will have to look to cover.

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