Alcoa, Inc. (NYSE:AA) hit a new 52 Week high on Thursday, December 24. The stock reached up to $16.23 that day, $11.26 from a 52 Week Low of 4.97 in March 2009. Its stock has been showing support at about $15.56 with resistance in the $16.22 range.
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Alcoa, Inc. produces and management primary aluminum, fabricated aluminum, and alumina combined. The company’s products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. It operates in 35 countries with North America and Europe generating 54% and 26% of the company’s sales respectively.
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