Steel Dynamics (STLD) Shares Cross Below 200 DMA

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In trading on Tuesday, shares of Steel Dynamics Inc. (Symbol: STLD) crossed below their 200 day moving average of $16.84, changing hands as low as $16.58 per share. Steel Dynamics Inc. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of STLD shares, versus its 200 day moving average: Steel Dynamics Inc. 200 Day Moving Average Chart

Looking at the chart above, STLD's low point in its 52 week range is $13.85 per share, with $19.74 as the 52 week high point - that compares with a last trade of $16.76.

According to the ETF Finder at ETF Channel, STLD makes up 2.90% of the Steel ETF (Symbol: SLX) which is trading lower by about 1.9% on the day Tuesday.

Click here to find out which 9 other metals stocks recently crossed below 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: STLD , SLX

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