STLD Makes Bullish Cross Above Critical Moving Average

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In trading on Tuesday, shares of Steel Dynamics Inc. (Symbol: STLD) crossed above their 200 day moving average of $16.96, changing hands as high as $16.98 per share. Steel Dynamics Inc. shares are currently trading up about 1.3% 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 $16.93.

According to the ETF Finder at ETF Channel, STLD makes up 3.12% of the Steel ETF (Symbol: SLX) which is trading up by about 1.5% on the day Tuesday.

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: STLD , SLX

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