ATI Inc. ( ATI) (formerly Allegheny Technologies) has been climbing on the charts the past three years. Can the specialty metals producer go higher? Let's check the charts and indicators. 
In this daily bar chart of ATI, below, I can see that prices bounced off the rising 200-day moving average line a number of times in the past 12 months. Traders obviously use technical analysis. Prices are above the 50-day line, too. The trading volume appears to be more active since November. The On-Balance-Volume (OBV) line shows a rise for the past year with a sideways move the past three months. The Moving Average Convergence Divergence (MACD) oscillator has crossed to the upside for a cover shorts buy signal. This indicator is not far from crossing the zero line for an outright buy signal.
In this weekly Japanese candlestick chart of ATI, below, I can see that prices have rallied four fold the past three years. ATI trades above the rising 40-week moving average line. The weekly OBV line is steady with a slight upward bias. The MACD oscillator is bullish.
In this daily Point and Figure chart of ATI, below, I can see a potential upside price target in the $47 area.
In this weekly Point and Figure chart of ATI, below, I used close-only price data. Here the chart shows that prices have reached and exceeded a $30 price target.
Bottom line strategy: Traders could go long ATI at current levels or on available weakness. Risk a close below the 200-day moving average line. The $47 area is our price target for now.
