$ATI – UPDATE: +2.64R, Here Comes Earnings

$ATI – UPDATE: +2.64R, Here Comes Earnings

This has been a nice trade. It keeps bumping up against my 3R goal but hasn't quite got there yet. In the meantime, it's been displaying some nice tennis ball action. Earnings are going to be on Thursday, February 2, before the open. I'm comfortable…
$ATI – UPDATE: Up 0.89R, Closed Above Turn

$ATI – UPDATE: Up 0.89R, Closed Above Turn

Summary Today had the follow through I was looking for. There was a clean break of that contraction channel and a nice move to close above the turn with still increasing volume. Normally, I would have added to the position as it pierced the turn,…
$ATI – UPDATE: Up 4.02%, Nice Recovery

$ATI – UPDATE: Up 4.02%, Nice Recovery

Summary Yesterday's close was looking sketchy and put this trade into a do-or-die situation. Today, it did and I'm back up 4.02%. I was looking for, at least, a close back above the 50-day MA. Not only did I get that, but also a close…
$ATI – BUY: @ $29.83

$ATI – BUY: @ $29.83

Summary In the last post I thought I had missed my buy at the $29.93 pivot. Today I was watching for continuation, just to see if it would have been the right play had I made the trade. Instead, the price pulled back on low…
$ATI – WATCH UPDATE: In 5th Contraction

$ATI – WATCH UPDATE: In 5th Contraction

Base Count Transition Criteria Price above 30 and 40-week MAYES30-week MA is above the 40-week MAYES40-week MA is turning upYES (44 weeks ago)Series of higher highs and higher lowsYESLarge volume spikes and low volume pullbacksYESMore up weeks on volume than down weeksYES (6 : 4)…
$ATI – WATCH: Pivot Volume

$ATI – WATCH: Pivot Volume

Base Count The price crossed below the 40-week MA on the prior downturn, which would have signified the end of the prior Stage 2, or a continuation of a Stage 1. Either way, the subsequent run went over 160% in about 20 weeks which crossed…