Arconic Breakout
Updated
Arconic Inc. (ARNC) engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. It operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The company is set to benefit from the strong global economy which will increase demand for its lightweight metals. Arconic is a leading provider of Aluminum to the aerospace and automotive industry which are both experiencing strong demand. The stock recently broke out to all time highs after a prolonged period of consolidation. Watch for the trend to continue higher, but sell if the stock falls back below its recent breakout.
Note
Arconic fell below its recent breakout. Waiting on the sidelines for the time being.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.