CMC Makes Bullish Cross Above Critical Moving Average

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In trading on Tuesday, shares of Commercial Metals Co. (Symbol: CMC) crossed above their 200 day moving average of $20.87, changing hands as high as $21.14 per share. Commercial Metals Co. shares are currently trading up about 2.9% on the day. The chart below shows the one year performance of CMC shares, versus its 200 day moving average: Commercial Metals Co. 200 Day Moving Average Chart

Looking at the chart above, CMC's low point in its 52 week range is $17.05 per share, with $26.72 as the 52 week high point - that compares with a last trade of $20.95.

According to the ETF Finder at ETF Channel, CMC makes up 3.75% of the SPDR S&P Metals & Mining ETF (Symbol: XME) which is trading up by about 1.2% 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 Nasdaq, Inc.

This article appears in: Investing , Commodities
Referenced Symbols: CMC , XME

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