Long Position on ATKR @ $26.00 on 9/27/2018 (Momentum)

Atkore International Group Inc. (ATKR) manufactures and distributes electrical raceway products in the United States and internationally.

The company's electrical raceway products include electrical conduits and fittings, armored cable and fittings, cable trays and mounting systems, and fittings for the non-residential construction, renovation markets, and mechanical products and solutions (MP&S) for the construction, and industrial markets.

It also offers MP&S products comprising metal framing and fittings, mechanical pipes, flexible sprinkler drops, and barbed tapes, as well as construction services for the construction and industrial markets.

The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, and Cope and Calpipe, as well as other sub-brands.

Atkore International Group Inc. serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and specialty distributors, as well as original equipment manufacturers.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. Note that the 50-day moving average is acting as a support for this formation.

Entry Point: $26.00

Stop Loss: $24.70

Trading Range: $17.60 - $28.67

Target Price: $28.60

Updates

4/10/2019 11:50:41 AM

closed at $22.50

Position closed on 4/10/2019 at price of $22.50 with a -13.46% loss in 195 days.

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