In a welcome move, ATI saw its Relative Strength Rating improve from 62 to 75 on Thursday.
IBD's proprietary rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if ATI can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
ATI is working on a consolidation with a 68.92 entry. See if the stock can clear the breakout price in heavy trade. It's a later-stage pattern, and investors should be aware that those involve more risk.
Earnings growth picked up last quarter from -13% to -6%. But sales fell from 5% to 2%. Look for the next report on or around Feb. 4.
The company earns the No. 2 rank among its peers in the Steel-Specialty Alloys industry group. Carpenter Technology is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
