New York, Feb 8^th (TradersHuddle.com) - Shares of Allegheny Technologies Inc. (NYSE:ATI) are trading very close to calculated support at $40.73 with current price action closing at just $40.99 places the stock price near levels where traders will start paying attention.

Allegheny Technologies, Inc. (NYSE:ATI) manufactures and sells specialty metals worldwide. The Company's products include include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, stainless and specialty steel alloys.

Allegheny's current stock range is defined by current calculated support defined at $40.73 and by the resistance level at $45.31, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to Allegheny's price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $45.31 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.