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Allegheny Tech Crosses Above its 10-day MA (ATI)

By David Diaz

Today, shares of Allegheny Tech (NYSE:ATI) have advanced above their 10-day MA of $18.36 on a volume of 286K shares. Swing traders may find 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 $11.33 to $23.69 and is now at $18.62, 64% above that low. The 200-day and 50-day moving averages have moved 1.21% lower and 1.91% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Allegheny Tech on June 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.44. Since that recommendation, shares of Allegheny Tech have risen 3.5%. We continue to monitor ATI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allegheny tech

Ticker(s): ATI