ALLEGHENY TECHNOLOGIES INC

ati

QUANDL:WIKI/ATI

ATI is looking bullish on the daily chart, as the MACD has crossed over on higher bullish volume, as of 5/19/217. Based the chart pattern, it looks ATI is attempting to break through the .236 FibR on higher volume, this is the second day with a close above the 9dma. Would like to see more bullish volume to take it the .382 FibR at $17.69 for a 5% gain. Although ...

they beat earnings last 2 reports. good time to take a position , i think ff what you all think

Long > 18.30 Stop - 18.19 Target >18.5

Possible C&H PO: 30 area

Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world. The company's talented people use innovative technologies to offer growing global markets a wide range of specialty materials including stainless steel, nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, ...

After experiencing a significant pullback ATI has fallen in volatility. ATI is now finding holding itself at a well validated support line within an uptrending channel. The MACD and signal lines are also entwining around one another at a level which corresponded at the previous structure lows. Out of the potentially bullish outcomes, the price may experience ...

trend line.

I expect the continuation of the corrective wave C.

22 day balance period has detached on high participation in search of new value.. Move could be swift to $40 as no relevant resistance seems to be in the way before then.

The nearest resistance is far enough.

Mode building still in process.. I would wait for a new extreme outside the current range to avoid whipsaws

Analysis on chart

But I know where to put the stop. When the stop is so close...It's always a good opportunity to open a position.

Negative signals become more and more.

Butterfly