Alcoa - AA - close: 10.44 change: +0.30 stop: 9.35

Why We Like It:
The bounce in AA from the $9.00 level and its breakout over the 200-dma and resistance at $10.00 looks pretty convincing. However, the rally has not seen a lot of volume. I suspect the stock will correct a bit before moving higher. I'm suggesting readers buy AA on a dip at $9.75. We'll use a stop loss at $9.35. Our first target is $10.90. Our second target is $12.25. FYI: The Point & Figure chart is very bullish with a $19.50 target.

Annotated chart:

Entry on      July xx at $xx.xx <-- see TRIGGER  
Change since picked:     + 0.00   			
Earnings Date          07/08/09 (confirmed)    
Average Daily Volume:        41 million 
Listed on  July 16, 2009