SID Crosses Above Key Moving Average Level

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In trading on Thursday, shares of Companhia Siderurgica Nacional (Symbol: SID) crossed above their 200 day moving average of $4.44, changing hands as high as $4.48 per share. Companhia Siderurgica Nacional shares are currently trading up about 5.7% on the day. The chart below shows the one year performance of SID shares, versus its 200 day moving average: Companhia Siderurgica Nacional 200 Day Moving Average Chart

Looking at the chart above, SID's low point in its 52 week range is $2.38 per share, with $6.29 as the 52 week high point - that compares with a last trade of $4.43.

According to the ETF Finder at ETF Channel, SID makes up 4.72% of the Brazil Mid Cap ETF (Symbol: BRAZ) which is trading higher by about 4.2% on the day Thursday.

Click here to find out which 9 other metals stocks recently crossed above their 200 day moving average »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: SID , BRAZ

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