Arconic Inc. ( $ARNC ) is one of the best stock to buy and offering possible buying price between $23.71 – $24.90, as of June 24th, 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had solid run early this year after in a long and deep decline for a while.
3. The stock had a nice consolidation after that.
4. The stock staged a breakout on a decent volume after that.
5. The stock had a quick consolidation right away, after the breakout.
6. The accumulation volume is also running at decent levels.
7. The stock also found support at the 50 DMA since it run up.
8. The potential buying price would be between $23.71 – $24.90 with a stop loss at $21.81.
