Allegheny Technologies Inc has climbed out of the “NoGo” trend that enveloped it, rallying off the low toward the end of October.
GoNoGo Oscillator rode the zero line as the trend weakened (lighter pink bars) and then broke into positive territory as GoNoGo Trend painted an amber “Go Fish” bar. Since then, the “Go” trend has taken hold and the current bar has seen the trend strengthen to a strong blue “Go” bar as the oscillator has found support at the zero line. This has triggered a green low risk trend continuation icon to appear under the price bar telling us that momentum has come back in the direction of the new trend.
