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has been stair-stepping higher, but I wanted to look at a couple of different indicators to analyze the trend.
The moving average convergence/divergence (MACD) is a very useful indicator that measures both trend and momentum. With the indicator well above the midline and moving steadily higher, the uptrend in ATI is healthy with solid momentum. No problem there.
The on-balance volume indicator is fairly flattish ... but still moving higher. So, I'd just keep a stop underneath the breakout level at $110 and keep raising it as ATI moves higher.
(Please see chart below.)
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At the time of publication, Fitzpatrick had no positions in the stocks mentioned, though positions may change at any time.
Dan Fitzpatrick is the publisher of
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