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Allegheny Technologies Bearish Moving Average Crossover Alert (ATI)

By James Quinn

Allegheny Technologies (NYSE:ATI) shares have crossed bearishly below their 10-day moving average of $15.73 on a volume of 220K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Allegheny Technologies share prices have been bracketed by a low of $7.08 and a high of $37.76 and are now at $15.57, 120% above that low price. 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 its subscribers protect gains by selling shares of Allegheny Technologies on March 27th, 2017 by issuing a Downtrend alert when the shares were trading at $16.72. Since that call, shares of Allegheny Technologies have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses allegheny technologies

Ticker(s): ATI