The Relative Strength (RS) Rating for ATI jumped into a new percentile Monday, with a rise from 78 to 83.
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IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
ATI is trying to complete a consolidation with a 96.20 entry. See if it can break out in heavy trade.
The company showed 23% EPS growth in the latest quarterly report, while sales growth came in at 4%. Look for the next report on or around Oct. 29.
ATI holds the No. 1 rank among its peers in the Steel-Specialty Alloys industry group. Carpenter Technology and Constellium Cl A are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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