Alcoa, Du Pont and Boeing among the Top Falls at Dow Jones

Alcoa Inc (NYSE:AA) declined 2.46 percent to close at $15.46 in its last trading session. The total traded volume stood at 21.68 million shares for the day. The company’s total outstanding common stock accumulates up to 1.06 billion shares while its market capitalization stood at $16.45 billion in its last trading session. The share price moved 3.98 percent below its 50-days simple moving average after the yesterday’s decline. The relative strength index of 42.78 times also depicts that the share price is trading near its oversold level and has considerable margin for capital gains.

E.I. du Pont de Nemours & Company (NYSE:DD) plunged 1.43 percent to close at $53.82 in its last trading session with volume of 6.66 million shares for the day. The share price was still 2.52 percent above its 50-days simple moving average after the yesterday’s fall. The stock price is trading at a relative strength index of 54.29 times showing that DD has margin for upward movement. The company’s total outstanding common stock accumulates up to 928.71 million out of which 928.16 million shares are floated in the stock market.

The Boeing Company (NYSE:BA) dropped 1.36 percent to close at $71.19 with traded volume of 5.68 million shares for the day. The company’s total outstanding common stock accumulates up to 738.27 million out of which 735.94 million shares are floated in the stock market. The share price moved 5.53 percent below its 50-days simple moving average. The share price is trading near its oversold level as per its relative strength index of 37.23 and has considerable margin for upward movement.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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