ry nice breakout today above both 50 EMA and SMA on decisive volume. Two things to watch for here. First the obvious, wait for a retest of the 50 EMA to see if it holds. Second, this must break through the multi-year resistance at $15. I believe that AA will trade between $14 and $15 in the next 2 weeks, and the earnings will make the decisive call. If it's good, I see a breakaway gap above $15, and to $20 by the end of summer. If it's bad then I see a potential head and shoulders playing out that will take AA back to $10. Either way, keep an eye on the bottom trendline of the channel. A close below that spells trouble for AA.
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