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Allegheny Technologies Bullish Moving Average Crossover Alert (ATI)

By David Diaz

Allegheny Technologies (NYSE:ATI) crossed over its 10-day moving average of $12.93 on a volume of 587K 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 Technologies has traded in a range of $7.08 to $37.76 and is now at $13.46, 90% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Allegheny Technologies on April 6th, 2016 by issuing a Downtrend alert when the shares were trading at $14.65. Since that call, shares of Allegheny Technologies have fallen 13.0%. 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