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Materion Mining Produces Results Investors Expected To Hold Or Short

Summary

Materion produces high performance alloys and related services.

Materion signals, relative strength, risk, support and resistance.

Investors are recommended to hold or short Materion.

Materion is a mining producer of high-performance alloys.  The alloys are metallurgically tailored to meet specific performance requirements and solve design problems.  Materion product portfolio includes copper- and nickel-based alloys including copper beryllium, nickel beryllium, and a copper-nickel-tin alloy.

Materion also provides related services and customer support such as design assistance and review, fabrication, testing and failure analysis as well as technical references.

Companies that buy from Materion rely on high-performance specialty alloys to enable new developments in technically advanced products in a wide range of markets such as aerospace, automotive, construction & mining, consumer electronics, oil and gas and telecommunications.

Materion Corporation stock fell by -0.27% in the last day from $55.10 to $54.95 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -2.22% for this period. Volume has increased in the last day by 63 694 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 164 761 shares bought and sold for approximately $9.05 million.

Trend

Materion Corporation lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.9% during the next 3 months and, with 90% probability hold a price between $59.05 and $65.00 at the end of this period.

Signals

There are few to none technical positive signals at the moment. Materion Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $55.61 and $55.47. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday June 11, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength 

Materion stock is currently not being overbought or oversold.

Support & Resistance

Materion Corporation finds support from accumulated volume at $53.05.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.25 (2.29%) between high and low. For the last week, the stock has had a daily average volatility of 2.04%.

My recommended stoploss: I recommend shorting this stock. No stop-loss set.

Overall risk:  Low

Evaluation

The Materion Corporation stock holds several negative signals and despite the positive trend I believe Materion Corporation will perform weak in the next couple of days or weeks. Therefore, I recommend shorting this stock.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.