The stuff that Atkore (ATKR) makes -- steel tubes and pipes, electrical conduit, armored wire and cable, cable trays, metal framing systems, and building components -- seem to be in demand. On top of that, its charts are bullish.
Let's work up a strategy to go long.
In the daily bar chart of ATKR, below, we can see that the shares have climbed five-fold in just the past 12 months. Is there more room to rise? Let's look closer.
ATKR is in an uptrend and earlier this month made a successful test of the rising 50-day moving average line. The slope of the 200-day line is also positive.
The On-Balance-Volume (OBV) line shows a longer-term rise but has been moving sideways the past two months. The Moving Average Convergence Divergence (MACD) oscillator is trying to resume its upside move.