Alcoa Inc. (AA) Searching For Higher Levels

Alcoa Inc. (NYSE: AA) has moved up 1.5 percent to $17.22 today by mid-day trading. The company is expected to report profit, excluding some items, of 6 cents a share today after a year-earlier loss. Alcoa Inc. (AA) is benefiting from higher metal prices and rising demand from China.

At $17.22, Alcoa (AA) is now trading around mid-day close to its trailing 52 week high, and is searching for even higher levels. Alcoa (AA) is now in a breakout zone and the stock is likely to climb above $20 in near future.