Company Description: Alcoa, Inc. produces primary aluminum, fabricated aluminum, and alumina. It also markets consumer brands to its customers. The company offers flat rolled products, including sheet and plate, foil products, and can reclamation products; engineered products that include aerospace products, auto components, architectural extrusions, castings, extrusion, tube, and fasteners; and packaging and consumer products, which include consumer products, flexible packaging products, closures, machinery, graphics, food service packaging, protective packaging, polymerization, and extrusion. The company’s other products include telecommunications, auto engineering, and home exteriors. In addition, Alcoa offers nonaluminum products, including precision castings, industrial fasteners, vinyl siding, consumer products, food service and flexible packaging products, plastic closures, and electrical distribution systems for cars and trucks. Its products are used in aircraft, automobiles, commercial transportation, packaging, consumer products, building and construction, and industrial applications. Alcoa has operations in Asia, Australia, Europe, South America, and the United States. The company was formed in 1888 and is based in Pittsburgh, Pennsylvania.

Our Analysis: The shares of Alcoa, Inc. 'AA' have been moving higher since mid October when they set a new yearly low. Yesterday they closed above a key upside resistance level. This is a bullish trading signal. The shares are also a component of the Dow Jones Industrial Average which I have rated as moving higher from its current levels. The shares of 'AA' should continue to move higher and test $25.90/share, the point from which they gapped lower on the open of trading on September 23rd. If the shares of 'AA' close above that level, then they should continue to move higher and test $29.67/share, a point of upside resistance established on August 11th. I see downside support on the shares of 'AA' @ $24.45/share, and have set my stops accordingly @ $24.04/share.