- Volume Zscore is a recent 2 week high. A recent surge of ZScore means trading activities is accelerating at a record speed.
- A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.
- RSI is at a high level of 76. A high level of RSI indicates the stock is overbought.
- MACD is crossing MACD signal line at 0.3. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Investors are getting excited about the potential relaunch of Boeing's (NYSE: BA) 737 MAX, which is expected to be recertified in the coming weeks, if not sooner. Shares of Parker-Hannifin (NYSE: PH) finished Thursday up 9.6%, Spirit AeroSystems Holdings (NYSE: SPR) was up 8.7% on the day, and Allegheny Technologies (NYSE: ATI) was up 7.7%.
Allegheny Technologies Incorporated (NYSE:ATI) shareholders should be happy to see the share price up 21% in the last...
Reduced asset utilization rates and lower overall demand hurt Allegheny's (ATI) Q3 operating margins in the HPMC unit.
Participating in the call today are Bob Wetherbee, President and Chief Executive Officer; and Donald Newman, Senior Vice President and Chief Financial Officer. It's an understatement to say that 2020 has been a challenging year for all of us, especially those who serve the commercial aerospace market.
Shares of Allegheny Technologies (NYSE: ATI) jumped as much as 13.3% in trading Thursday after the company reported third-quarter financial results. Quarterly revenue was $598 million, but Allegheny Technologies lost $50.1 million, or $0.40 per share, as commercial aerospace demand weakened due to COVID-19. Management said it expects modest improvements in the commercial aerospace market in 2021, but the reality is that air travel may be down for some time.
ATI Announces Third Quarter 2020 Results