 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| ATI Crosses Critical Technical IndicatorBy Metals Channel Staff, Thursday, October 5, 3:58 PM ET
In trading on Thursday, shares of ATI Inc (NYSE:ATI) entered into oversold territory, changing hands as low as $39.43 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of ATI Inc, the RSI reading has hit 29.9 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 41.2, the RSI of Spot Gold is at 5.4, and the RSI of Spot Silver is presently 11.6. A bullish investor could look at ATI's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), ATI's low point in its 52 week range is $25.39 per share, with $47.92 as the 52 week high point — that compares with a last trade of $39.63. ATI Inc shares are currently trading down about 1.3% on the day.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
This Article's Word Cloud:
Channel
Days
Dollars
Gold
Index
Join
Looking
Metals
NYSE
Offer
Oversold
Relative
Seven
Silver
Special
Spot
Start
Stocks
Strength
Thursday
ValueForum
about
analysis
average
begin
below
bullish
case
changing
chart
compares
comparison
considered
conversation
could
covered
currently
define
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: