Alcoa Rises 2% On Higher Aluminum Futures

Alcoa （NYSE: AA） opened at $13.82. So far today, the stock has hit a low of $13.71 and a high of $13.95. AA is now trading at $13.83, up $0.26 （1.93%）. Over the last 52 weeks the stock has ranged from a low of $9.81 to a high of $17.60. AA shares are getting support from higher aluminum futures this morning. Technical indicators for the stock are bullish and S&P gives AA a positive 4 STARS （out of 5） buy ranking. If you are looking for a hedged play on AA the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 11 range.