Alcoa saw a huge surge in volume today on news that it will split its business into two entities next year.
Alcoa, Inc. ($AA) is trading on higher than normal volume today. Alcoa, Inc. is flat % at $9.37 on a volume of 45,068,900 shares. That’s already 2.14 times the normal daily volume of 25,812,599.
Technical traders look at heavy volume as we see in Alcoa, Inc. today to confirm existing or developing signals.
Alcoa, Inc. is below the 50 day moving average and below the 200 day moving average. These are bearish, bearish indicators respectively.
Alcoa, Inc. Alcoa Inc manufactures and engineers lightweight metals. It products include aluminum, titanium, and nickel, which are used in aircraft, automobiles, commercial transportation, packaging, oil and gas, defense and industrial applications, among others.