Filed under: Good news, Allegheny Technologies (ATI), Technical Analysis, Stocks to Buy

Allegheny Technologies (NYSE: ATI) produces specialty metals. Products include titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, tungsten materials, zirconium, hafnium and niobium. The steels, the nickel alloys and the titanium alloys are offered as plate, sheet, engineered strip, precision rolled strip, and grain-oriented electrical products. The company also offers forgings and castings. Its biggest customers are in the aerospace, chemical process, and oil and gas industries.

Investors were pleased earlier in the week, when Allegheny issued upside EPS guidance for Q2. Management said it expected $1.65-$1.67, up from its earlier view that earnings would be somewhat higher than the $1.40 per share of Q1. The Street had been looking for $1.53. The CEO noted that the firm’s risk management programs were reducing the impact of volatile input costs.

Continue reading Allegheny Technologies (ATI): Price defines bullish ‘flag’ formation

Permalink | Email this | Comments

Via [bloggingstocks]

Share This

This entry was posted on Thursday, July 17th, 2008 at 8:13 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.