ATI
Keep it in your watchlist..!Potential gain:25%
Reward/Risk:4
Timeframe: 1-3 months
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ATI [NYSE] Upgrade by The Benchmark Company to $21NYSE:ATI
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide.
The company operates in two segments, High-Performance Materials & Components, and Advanced Alloys & Solutions.
The company produces high-performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts to the aerospace and defense, medical, oil and gas, and electrical energy markets. It also provides stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys in various product forms, including plate, sheet, engineered strip, and precision rolled strip products to various markets, such as chemical and hydrocarbon processing, automotive, aerospace and defense, food processing equipment and appliances, construction and mining, electronics, communication equipment, and computers. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.
Target Price 21$, it's mean +27% from 16.91$
NVIDIA counter market crash >500Bullish divergence forming on NVIDIA that is holding the lower 2020 channel. Can trace back and then bounce over, especially in case of good news or market recover. The idea is invalidated if NVIDIA break lower channel or in case of another market crash. The idea will trigger when the momentum accumulating will be released, hopefully in the bullish direction
PT1:507
PT2:533