ATI: Allegheny Technologies, Weakness At Fibonacci .382Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world. The company's talented people use innovative technologies to offer growing global markets a wide range of specialty materials including stainless steel, nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steel alloys, zirconium and related alloys, and tungsten-based specialty materials.
It is a component of-XME.
XME-has been weak for the past month.
I suspect the basic metals components in-XME (iron-copper-steel-zinc-aluminum) are weaker than the gold-and-silver miners.
For-ATI:
The indicator on the top of the page is RSI / Stochastic , and this is weak.
The top middle indicator is vortex and it is weak (red over green developing).
The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weakening. It was much higher in March when the failure happened at Fib .382.
Until these indicators reverse to the upside, and the prices rise above Fibonacci .382, this stock is a sell .
Good luck to you. Don.
