Tuesday, March 15, 2011

Trade Update: AA

Alcoa gapped down hard this morning and is holding under the gap at $15.75. This is probably the low of the day. Don't panic we still have a stop in at $14.75. If you want you can move your stop to $15.20. That looks like a good short term chart point to me, because it is the 10 day low. But for now I'm just sticking it out.

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