Allegheny Technologies Incorporated (ATI) : Traders are bullish on Allegheny Technologies Incorporated (ATI) as it has outperformed the S&P 500 by a wide margin of 6.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.96% in the last 1 week, and is up 6.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.16% and the 50-Day Moving Average is 5.58%.The 200 Day SMA reached 28.53%
Allegheny Technologies Incorporated (NYSE:ATI): After opening at $18.11, the stock dipped to an intraday low of $17.7 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.21 and the buying power remained strong till the end. The stock closed at $18.07 for the day, a gain of 1.29% for the day session. The total traded volume was 1,776,019. The stocks close on the previous trading day was $18.07.
Allegheny Technologies Incorporated (ATI) : The highest short term price target forecast on Allegheny Technologies Incorporated (ATI) is $21 and the lowest target price is $14. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $18.5 with a standard deviation of $3.15.
Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.