Atkore is a global leader in electrical, safety, and infrastructure solutions. Our products are used to power and protect the world, including Electrical Conduit and Fittings, Cable and Cable Management Systems, Infrastructure Products, and Safety and Security Products.
look my idea, as u can see the rsi is clearly in divergence with the price trend. we have a soldi resistence, if the price break this, it will build a solid bear trend.
Atkore Inc. engages in the manufacture and sale of electrical, safety, and infrastructure products in the United States and internationally
Management has been aggressively buying back shares but there was a significant sell reaction after gap, it could mean that company is overvalued for insiders
Strong return over the last month
Prominent player in the...
Notes:
* Very strong up trend
* Great earnings QoQ
* Basing for the past ~9 weeks
* Forming a cup and handle in this period
* Incoming volume
* Offering an early entry as it's still close to the 50 day line
* More buyers in the market recently
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 3.0
Relative Strength...
HUBB WIRE peers have been doing well of late as well.
Construction and industrial components supplier Atkore (ATKR) is in that elite group. And on Monday the Relative Strength Rating for Atkore stock improved to 72, up from 67.
ATKR good earnings growth, nice VCP rounded base chart with potential breakout. Seeing good buy volume and testing $120 resistance level now.
Can go long shares as options aren't extremely liquid, I'm trading JUL 120/125 debit spread looking for a breakout higher to $125 target.
Rejection here could be looking back to 105 zone... my bias is long after a good...
Not to purchase, price below MAs, overall trend up but recent downward trend
TEMA: Price below 8,13,50 MA
MACD below, Signal down
RSI: below 40
Ichi: Price below ichi on daily
Volume: improving, touching 20 MA
Purhase breakout above75.91 and then 79.09
Seems to be staging a breakout so far today. Earnings next week.
Atkore Inc (ATKR)- MANUFACTURES ELECTRICAL AND MECHANICAL PRODUCTS FOR THE NON-RESIDENTIAL CONSTRUCTION AND INDUSTRIAL MARKETS.
Atkore, Inc. engages in the manufacture of electrical raceway products. The stock is currently consolidating with a potential resolution higher. If the breakout occurs it would be a good risk/reward entry. Revenue streams are growing and forward PE is expected to drop to 14.
Cup and Handle base after 75% run from of its 50 MA.
Atkore Inc (ATKR)- MANUFACTURES ELECTRICAL AND MECHANICAL PRODUCTS FOR THE NON-RESIDENTIAL CONSTRUCTION AND INDUSTRIAL MARKETS.
After a positive over reaction, The PEAD projected a bullish outlook for $ATKR following its earning release placing the stock in Drift B
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