Currently, Alcoa Corp (NYSE:AA) is holding a breakout above $32. As long as the stock holds $32, investors should expect it to move higher towards a target of $35. If at any point, the stock closes back below $32, which is major support and the breakout trend line, investors would be wise to sell immediately. Alcoa Corp reports earnings on January 24th, 2017, after the stock market closes. Please view the stock chart below to see the breakout and note the levels given in this article.