On Friday, ATI stock reached a key technical benchmark, with its Relative Strength (RS) Rating rising into the 90-plus percentile with an upgrade to 91, up from 88 the day before.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History reveals that the market's biggest winners tend to have an RS Rating of at least 80 at the beginning of a new price run.
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Is ATI Stock A Buy?
ATI stock is working on a consolidation with a 62.44 entry. See if the stock can break out in heavy volume. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
The specialty alloy company showed -19% earnings growth in the latest quarterly report. Revenue rose 0%.
ATI stock earns the No. 4 rank among its peers in the Steel-Specialty Alloys industry group. Carpenter Technology is the No. 1-ranked stock within the group.
