Long Position on ATKR @ $70.25 on 4/21/2021 (Momentum)

Atkore Inc. (ATKR) manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally.

The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.

It also provides MP&S products comprising metal framing and fittings, mechanical pipes, and barbed tapes, as well as construction services related to design, fabrication and installation, modular support structures, and fall protection.

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

The company was formerly known as Atkore International Group Inc. and changed its name to Atkore Inc. in February 2021. 

Please note this stock reports earnings on Thursday, April 29.

This stock is currently outperforming its Q2 earnings and should see an increase in share prices over the coming weeks.

Entry Point: $70.25

Stop Loss: $66.75

Trading Range: $20.25 - $75.60

Target Price: $77.25

Updates

4/29/2021 3:15:21 PM

ATKR closed at $78.25

Position closed on 4/29/2021 at price of $78.25 with a 11.39% gain in 8 days.

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