Today's Research Reports on Trending Tickers: Alcoa and Turquoise Hill Resources
NEW YORK, NY / ACCESSWIRE / November 14, 2018 / U.S. equities saw losses on Tuesday as continued weakness in oil prices pressured energy stocks lower. Crude oil dropped for the 12th consecutive session, its longest losing streak in three decades. The Dow Jones Industrial Average dropped 0.40 percent to close at 25,286.49, while the S&P 500 Index shed 0.15 percent to close at 2,722.18. The Nasdaq Composite Index closed almost flat at 7,200.88.
MER Initiates Coverage on:
Alcoa Corporation
https://marketedgereport.com/report/AA/
Turquoise Hill Resources Ltd.
https://marketedgereport.com/report/TRQ/
Alcoa's stock moved 2.94% higher Tuesday, to close the day at $34.72. The stock recorded a trading volume of 4,016,944 shares, which was above its three months average volume of 4,003,503 shares. In the last year, Alcoa's shares have traded in a range of 33.08 - 62.35. The share price has gained 4.96% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $37.64 is below its 200-day moving average of $43.93. Shares of Alcoa have fallen roughly 2.66 percent in the past month and are down 35.55 percent year-to-date.
Access MER's Alcoa Corporation Research Report at:
https://marketedgereport.com/report/AA/
On Tuesday, shares of Turquoise Hill Resources recorded a trading volume of 4,144,682 shares, which was below the three months average volume of 5,541,583 shares. The stock ended the day 3.43% higher at $1.81. The share price has fallen 49.58% from its 52 week high with a 52 week trading range of 1.59 - 3.59. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $2.08 is below its 200-day moving average of $2.61. Shares of the company are trading at a Price to Earnings ratio of 10.06. Shares of Turquoise Hill Resources have fallen roughly 7.65 percent in the past month and are down 47.23 percent year-to-date.
Access MER's Turquoise Hill Resources Ltd. Research Report at:
https://marketedgereport.com/report/TRQ/
Our Actionable Research on Alcoa Corporation (NYSE :AA) and Turquoise Hill Resources Ltd. (NYSE :TRQ) can be downloaded free of charge at MarketEdge Report.
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SOURCE: MarketEdgeReport
