Anybody else tracking this US stock £ATKR?
The company's financial performance seems to be stellar, has great Stockopedia ratings but the share price is falling. To me, it looks like a stunning bargain.
Does anybody have a contrary view or can tell me why the share price is suffering so much?
Trending as most of the US stocks currently. Too early to call a bottom and possibly start of a longer term downtrend :)
Follow Encore Wire into housing wiring so $ATKR £ATKR provides a useful comparator in the infrastructure/commercial space.
Technology is eating the world and it all needs cables lol.
GarryC says it all!
almost
ATKR has more debt than WIRE on the fundamental side. ATKR slightly large market cap and more volume.
Both have a Friday RSI in the low 30s and very high bearish volume.
After that it depends on your trading style.
I may go for a dead-cat-bounce but as per post: Too early to call a bottom and possibly start of a longer term downtrend
ATKR is lower than when I looked in July but that means more people bought higher up and will provide supply when it tries to move up.
Some would say WIRE is better looking chart. Downward move since November stalled. Megaphone since Jan = lower lows, higher highs. Has to break above to confirm bullish pattern. Recently more demand tails. Support at 107. Gap to fill from 13 Sep inflation shock.
ATKR in a down trend. Also gap from 13 Sep inflation shock plus a smaller one Thurs-Friday. Support at 72, maybe 65.
Both bottomed out a few days later then rallied by 68% ATKR and 35% WIRE. I traded WIRE but the stats are eloquent.
