Don't Ignore This Chart!

An evening star reversal for ATI plus 13 others on NYSE

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Allegheny Technologies (ATI) formed an evening star over the prior three days. This bearish reversal pattern consists of three candlesticks: a long white candlestick, a small body candlestick and a long red candlestick to complete the reversal. The predefined scans page showed 14 such patterns forming on the NYSE and 3 on the Nasdaq.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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