Short Chance. Reasons for shorting this stock
- its to expensive.
- Earnings will go down, now and in the coming time.
- Share should be fair priced at 50 on the first sight.
ATKR trade ideas
ATKRAtkore is a global leader in electrical, safety, and infrastructure solutions. Our products are used to power and protect the world, including Electrical Conduit and Fittings, Cable and Cable Management Systems, Infrastructure Products, and Safety and Security Products.
double top, and rsi divergence short strategy.look my idea, as u can see the rsi is clearly in divergence with the price trend. we have a soldi resistence, if the price break this, it will build a solid bear trend.
$ATKR, waiting for correction and insiders actionAtkore Inc. engages in the manufacture and sale of electrical, safety, and infrastructure products in the United States and internationally
Management has been aggressively buying back shares but there was a significant sell reaction after gap, it could mean that company is overvalued for insiders
Strong return over the last month
Prominent player in the Electrical Equipment industry
We could think to buy in 130-134 $ with Target in 164$
Is $ATKR ready to head higher?Notes:
* Very strong up trend
* Great earnings QoQ
* Basing for the past ~9 weeks
* Forming a cup and handle in this period
* Incoming volume
* Offering an early entry as it's still close to the 50 day line
* More buyers in the market recently
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 3.0
Relative Strength vs. SP500: 4.72
U/D Ratio(50): 1.19
U/D Ratio(15): 2.47
Base Depth: 81.04%
Distance from breakout buy point: -2.92%
Volume 7.67% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and is breaking above the resistance level of 123.53
* If you want a better entry you may be able to find one around the broken resistance area if it's retested as support.
* Or if it does pull back you may be able to find a better entry around $121.72
ATKR looking to bust out after consolidating recent moveHUBB WIRE peers have been doing well of late as well.
Construction and industrial components supplier Atkore (ATKR) is in that elite group. And on Monday the Relative Strength Rating for Atkore stock improved to 72, up from 67.
$ATKR - looking for DTL break if survive Powell day looking for DTL break back to pre-earnings prices, $WIRE $HUBB peers outperforming despite excellent earnings at ATKR
$ATKR Potential breakoutATKR good earnings growth, nice VCP rounded base chart with potential breakout. Seeing good buy volume and testing $120 resistance level now.
Can go long shares as options aren't extremely liquid, I'm trading JUL 120/125 debit spread looking for a breakout higher to $125 target.
Rejection here could be looking back to 105 zone... my bias is long after a good earnings release and evidence of volume buyers
Atkore: Sliding down
Not to purchase, price below MAs, overall trend up but recent downward trend
TEMA: Price below 8,13,50 MA
MACD below, Signal down
RSI: below 40
Ichi: Price below ichi on daily
Volume: improving, touching 20 MA
Purhase breakout above75.91 and then 79.09
ATKR - breakout play#atkr $atkr breakout with a 20% potential that could be utilized with a tight stop loss.
$ATKR Staging a BreakoutSeems to be staging a breakout so far today. Earnings next week.
Atkore Inc (ATKR)- MANUFACTURES ELECTRICAL AND MECHANICAL PRODUCTS FOR THE NON-RESIDENTIAL CONSTRUCTION AND INDUSTRIAL MARKETS.
ATKR - might be headed hire due to construction boomAtkore, Inc. engages in the manufacture of electrical raceway products. The stock is currently consolidating with a potential resolution higher. If the breakout occurs it would be a good risk/reward entry. Revenue streams are growing and forward PE is expected to drop to 14.
$ATKR Cup with HandleCup and Handle base after 75% run from of its 50 MA.
Atkore Inc (ATKR)- MANUFACTURES ELECTRICAL AND MECHANICAL PRODUCTS FOR THE NON-RESIDENTIAL CONSTRUCTION AND INDUSTRIAL MARKETS.
$ATKR with a bullish outlook following its earning releaseAfter a positive over reaction, The PEAD projected a bullish outlook for $ATKR following its earning release placing the stock in Drift B
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