{"id":1284,"date":"2013-02-15T02:06:13","date_gmt":"2013-02-15T02:06:13","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=1284"},"modified":"2013-02-15T07:38:16","modified_gmt":"2013-02-15T07:38:16","slug":"chart-of-the-week-21413-alcoa-finally-nearing-a-breakout","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=1284","title":{"rendered":"Chart of the week 2\/14\/13: Alcoa (finally) nearing a breakout ?"},"content":{"rendered":"<figure id=\"attachment_1291\" aria-describedby=\"caption-attachment-1291\" style=\"width: 550px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/02\/alcoa-021413.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-1291\" alt=\"Click to Enlarge.\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/02\/alcoa-021413-1024x511.png\" width=\"550\" height=\"274\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/02\/alcoa-021413-1024x511.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/02\/alcoa-021413-300x149.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/02\/alcoa-021413.png 1913w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-1291\" class=\"wp-caption-text\">Click to Enlarge.<\/figcaption><\/figure>\n<p style=\"text-align: center;\">Alcoa&#8217;s chart is looking like it might be ready to make a move out of its 2-year consolidation. AA was up a whopping 1\/2 of 1% in 2012, treading water most of the year, after getting crushed in 2011, falling about 45%. Earnings estimates are still getting trimmed.<\/p>\n<p style=\"text-align: center;\">The one positive development is that the aluminum futures price on the London Metals Exchange (LME) is starting to show some decent strength, recently trading to $2,200. A move above $2,300 &#8211; $2,400 would be a huge positive fundamentally.<\/p>\n<p style=\"text-align: center;\">Note the all-time high on Alcoa from the chart is up near $50 from mid 2007. Peak earnings on Alcoa was $3.00 per share. For our client accounts, it is a &#8220;return of\u00a0global growth&#8221; play. The stock has been a drag on performance for 2 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alcoa&#8217;s chart is looking like it might be ready to make a move out of its 2-year consolidation. AA was&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,1],"tags":[],"class_list":["post-1284","post","type-post","status-publish","format-standard","hentry","category-aa","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1284"}],"version-history":[{"count":6,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1284\/revisions"}],"predecessor-version":[{"id":1289,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1284\/revisions\/1289"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}