Allegheny Technologies Incorporated (ATI) has been under a strong bear grip, hence the stock is down -1.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.83% in the past 1 week. The stock has risen by 2.34% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.22% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.71% and the 50-Day Moving Average is 7.63%.The 200 Day SMA reached 25.19%. Allegheny Technologies Inc. is up 25.95% in the last 3-month period. Year-to-Date the stock performance stands at 53.95%.
Allegheny Technologies Incorporated (NYSE:ATI): After opening at $17.17, the stock dipped to an intraday low of $16.79 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.42 and the buying power remained strong till the end. The stock closed at $17.04 for the day, a gain of 0.83% for the day session. The total traded volume was 2,287,615. The stocks close on the previous trading day was $16.9.
Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.