10/07/2010 Earnings Review (AA)

Alcoa Inc. (Public, NYSE:AA) beat earnings this evening with an earnings surprise of 80%. Not bad for a stock with a ginormous float. AA has been moving sideways for the past two weeks so it does look like a nice setup. It's up 2.79% after hours, calculating  risk/reward with an entry at 12.54 with a tight stop at 12.20, Target 14, we get 4-1. Not too shabby. You would have to be patient with this one. We'll see how it acts in the morning.

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