Bullish Moving Average Cross by Allegheny Technologies (ATI)
Allegheny Technologies (NYSE:ATI) shares have crossed bullishly above their 10-day moving average of $14.90 on a volume of 528K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Allegheny Technologies have traded between a low of $7.08 and a high of $37.76 and are now at $15.40, which is 118% above that low price. 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 is monitoring the recent change of momentum in Allegheny Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Allegheny Technologies in search of a potential trend change.
Keywords: moving crosses allegheny technologies