Tuesday, January 18, 2011

Allegheny Technologies Incorporated (ATI) hits new 52 week high

Allegheny Technologies Incorporated (ATI) – FusionIQ Rank 93 out of 100

Allegheny Technologies Incorporated (ATI) one of the world’s largest and most diversified specialty metal producers rose over $ 3.13 today to its highest level in several years.  ATI with annual revenues of over $4.5 billion dollars covers all the major market segments such as; aerospace and defense, the chemical processing industry, oil and gas, electrical energy, medical, automotive, food equipment and appliances,  machine and cutting tools as well as construction and mining.   ATI’s product line includes titanium and  titanium alloys, nickel based alloys and super alloys, stainless and specialty steel, zirconium, hafnium, niobium, advanced powder metals, tungsten materials, grain oriented electrical steel and forging and castings.   The  catalyst for ATI stems from a  lack of investment during the economic downturn which has made it difficult to keep up with booming emerging market demand.  The result, small producers and projects  were cast away leading to a 20-year low in projects.     Ninety percent of titanium goes into titanium dioxide,  which adds strength to paints, paper, and plastics.  China and India are demand drivers for these products. 

FusionIQ subscribers received this BUY report on ATI back on December 21st 2010.  To subscribe to FusionIQ and get timely BUY and SELL alerts and research reports visit us at www.fusioniqrank.com

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