Price Action Alert: Atkore International Group Inc’s Trend Up, Especially After Today’s 52-Week High Milestone

Price Action Alert: Atkore International Group Inc's Trend Up, Especially After Today's 52 Week High Milestone

The stock of Atkore International Group Inc (NYSE:ATKR) hit a new 52-week high and has $24.00 target or 8.00% above today’s $22.22 share price. The 7 months bullish chart indicates low risk for the $1.42B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $24.00 price target is reached, the company will be worth $113.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 25,117 shares traded hands. Atkore International Group Inc (NYSE:ATKR) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Analysts await Atkore International Group Inc (NYSE:ATKR) to report earnings on November, 29 before the open. ATKR’s profit will be $23.01 million for 15.43 P/E if the $0.36 EPS becomes a reality. After $0.37 actual earnings per share reported by Atkore International Group Inc for the previous quarter, Wall Street now forecasts -2.70% negative EPS growth.

According to Zacks Investment Research, “Atkore International Group Inc. manufactures and distributes electrical raceway products. It offers steel tubes and pipes, electrical conduit, armored wire and cable, cable trays, metal framing systems and building components. Atkore International Group Inc. is based in Harvey, Illinois.”

More notable recent Atkore International Group Inc (NYSE:ATKR) news were published by: Marketwatch.com which released: “Atkore International Group Inc.” on April 21, 2016, also Marketwatch.com with their article: “Atkore International Group trading above issue price in market debut” published on June 10, 2016, Businesswire.com published: “Keith Whisenand Joins Atkore International as Vice President of Investor Relations” on August 09, 2016. More interesting news about Atkore International Group Inc (NYSE:ATKR) were released by: Businesswire.com and their article: “Atkore International Group Inc. Prices Initial Public Offering of Common Stock” published on June 09, 2016 as well as Businesswire.com‘s news article titled: “Rodney Long Appointed to NEMRA Manufacturers Group Executive Committee” with publication date: July 29, 2016.

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