ATI saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 78 to 81.
Looking For The Best Stocks To Buy And Watch? Start Here
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating as they begin their biggest climbs.
ATI has moved more than 5% past a 68.92 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
ATI reported 23% earnings growth last quarter, while sales growth came in at 4%.
The company holds the No. 2 rank among its peers in the Steel-Specialty Alloys industry group. Carpenter Technology is the top-ranked stock within the group.
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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
