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Allegheny Technologies Bullish Moving Average Crossover Alert (ATI)

By James Quinn

Today, shares of Allegheny Technologies (NYSE:ATI) have advanced above their 10-day MA of $17.30 on a volume of 477K 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 $17.79, 151% 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 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 15.2%. 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