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Relatively Good Performance Detected in Shares of Allegheny Tech in the Steel Industry (ATI , STLD , CLF , NUE , SXC )

By Shiri Gupta

We looked at the Steel industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Allegheny Tech (NYSE:ATI ) ranks first with a gain of 5.37%; Steel Dynamics (NASDAQ:STLD ) ranks second with a gain of 3.73%; and Cleveland-Cliffs Inc (:CLF ) ranks third with a gain of 3.70%.

Nucor Corp (NYSE:NUE ) follows with a gain of 2.91% and Suncoke Energy I (NYSE:SXC ) rounds out the top five with a gain of 2.29%.

SmarTrend is tracking the current trend status for Allegheny Tech and will alert subscribers who have ATI in their portfolio or watchlist when shares have changed trend direction.

Keywords: relative performance allegheny tech Steel Dynamics :clf cleveland-cliffs inc nucor corp suncoke energy i