ATI broke out above the key $67.35 resistance level in early May and is now attempting to consolidate its recent surge. While the stock has nearly reached the consensus analyst price target—suggesting limited near-term upside—the recent Middle East visit by Trump may have changed the outlook.
ATI is a U.S.-based specialty materials and components manufacturer, focused on high-performance metals for the aerospace, defense, and energy sectors. During Trump’s visit, large aerospace orders were announced, especially for
BA and 
GE . The total value of these orders is expected to reach $115 billion.
ATI could be one of the main beneficiaries of this deal, as nearly 16% of its revenue comes from sales to Boeing and GE. In addition, broader demand growth in the aerospace and defense industries may directly or indirectly support ATI’s business.
From a valuation standpoint, ATI is currently trading at 13.9x forward earnings—26% above its two-year average. However, many valuation models and forecasts remain outdated and may not yet reflect the impact of recent developments.
If ATI pulls back to retest the $67.35 breakout level, it could present a strong buying opportunity with a close stop. The upper boundary of the trend channel, currently near $90, may serve as a medium-term target.
ATI is a U.S.-based specialty materials and components manufacturer, focused on high-performance metals for the aerospace, defense, and energy sectors. During Trump’s visit, large aerospace orders were announced, especially for
BA and GE . The total value of these orders is expected to reach $115 billion.ATI could be one of the main beneficiaries of this deal, as nearly 16% of its revenue comes from sales to Boeing and GE. In addition, broader demand growth in the aerospace and defense industries may directly or indirectly support ATI’s business.
From a valuation standpoint, ATI is currently trading at 13.9x forward earnings—26% above its two-year average. However, many valuation models and forecasts remain outdated and may not yet reflect the impact of recent developments.
If ATI pulls back to retest the $67.35 breakout level, it could present a strong buying opportunity with a close stop. The upper boundary of the trend channel, currently near $90, may serve as a medium-term target.
Trade closed: target reached
As ATI got close to $90, the risk to the downside will increase. More than 13% retun in a month is good enough for thinking about profit taking and looking for other trade oppurtunities.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.