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Alcoa Inc. AA climbs in after-hours after the company released better then expected numbers. The company said it earned $94 million, or 9 cents per share, during the first three months of the year. Revenue was near flat at $6 billion. Following the investors reaction in the extended trading, we should see a gap up tomorrow morning. It will be important an interesting also, see if stock will have legs to close above $10.18 ( 50-day MA ) in the next few days because it has been a key resistance for Bulls.
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DryShips Inc. DRYS - The stock closed right at its 200-day MA, so we will see if the stock holds the position for a bounce.
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Bank of America Corp BAC - The 50-dma should offer decent technical support. Note well that stochastics are now oversold and are supportive of a bounce-back.
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Renren Inc RENN was a nice winner for my subscribers. We had a momentum breakout today. A pullback in the stock should be considered a buying opportunity as it is clearly above its 20-day moving average. Support is 5.39. Resistance 6.2
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