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
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.
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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