- Non-LME aluminum prices are soaring hirer 1.8% on the day,www.kitcometals.com/charts/Aluminum.html
- LME prices continue their upward trend.
- The Australian dollar is down 1.37% today.
All three points should indicate a great day for Alcoa (NYSE:AA), and yet the stock is down 1.43% reaching a low of 13.32 so far. If aluminum prices continue their current trend there could be great future potential for Alcoa in the near term.
Disclosure: The author is long AA.