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Allegheny Technologies Bullish Moving Average Crossover Alert (ATI)

By Amy Schwartz

Today, shares of Allegheny Technologies (NYSE:ATI) have advanced above their 10-day MA of $17.37 on a volume of 337K 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.

Allegheny Technologies share prices have moved between a 52-week high of $37.76 and a 52-week low of $7.08 and are now trading 147% above that low price at $17.49 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 1.2%.

SmarTrend recommended that subscribers consider buying shares of Allegheny Technologies on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.87. Since that recommendation, shares of Allegheny Technologies have risen 16.1%. We continue to monitor ATI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allegheny technologies

Ticker(s): ATI