Alcoa acquisition should push stock higher, Barron's contends Alcoa's acquisition of Firth Rixson has already pushed its stock to 52-week highs, but Barron's believes the deal should send the stock even higher. Reference Link
Alcoa rallies with Freeport-McMoRan, materials sector Shares are up over 5% to $9.33 at time of writing, putting it above downtrend resistance at the 10-day moving average. At that price next resistance is at $9.51. Support is at $9.19.