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Allegheny Tech Bullish Moving Average Crossover Alert (ATI)

By James Quinn

Today, shares of Allegheny Tech (NYSE:ATI) have advanced above their 10-day MA of $22.13 on a volume of 286K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Allegheny Tech has traded in a range of $20.84 to $30.18 and is now at $23.17, 11% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Allegheny Tech on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $26.00. Since that call, shares of Allegheny Tech have fallen 15.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses allegheny tech

Ticker(s): ATI