ARNC - Arconic: The Rally Has (Temporarily) Run Its Course

The American aerospace manufacturer Arconic (ARNC) has rather quietly and steadily turned in an excellent first half of 2019 in terms of share price performance. At the beginning of the year, shares were trading hands easily for under $20, and even up until the end of May were priced under $22. Now entering the third week of July, shares have even pushed past $26 a few times, and have not closed under $25 since June 26 (although as of this writing, a close under $25 would not be a major gap down).