Allegheny Technologies (ATI) is a Great Momentum Stock: Should You Buy?

Company Overview - Allegheny Technologies (ATI) currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing strategy [3][12] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance when combined with a Style Score of A or B [4][12] Price Performance - Over the past week, ATI shares have increased by 1.15%, while the Zacks Steel - Specialty industry has decreased by 2.24% [6] - In a longer time frame, ATI's monthly price change is 11.39%, outperforming the industry's 5.91% [6] - Over the last three months, ATI shares have risen by 63.28%, and over the past year, they are up 59.27%, compared to the S&P 500's increases of 8.57% and 11.45%, respectively [7] Trading Volume - ATI's average 20-day trading volume is 1,810,708 shares, which serves as a bullish indicator when the stock is rising on above-average volume [8] Earnings Outlook - In the past two months, three earnings estimates for ATI have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $2.91 to $3.01 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10]