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Allegheny Technologies (ATI) Is Today's Strong On High Volume Stock

Trade-Ideas LLC identified Allegheny Technologies ( ATI) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Allegheny Technologies as such a stock due to the following factors:

  • ATI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $36.8 million.
  • ATI has traded 302,004 shares today.
  • ATI is trading at 2.99 times the normal volume for the stock at this time of day.
  • ATI is trading at a new high 5.04% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in ATI with the Ticky from Trade-Ideas. See the FREE profile for ATI NOW at Trade-Ideas More details on ATI: Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates...