Notable Two Hundred Day Moving Average Cross - GGB

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In trading on Friday, shares of Gerdau S.A. (Symbol: GGB) crossed below their 200 day moving average of $4.20, changing hands as low as $4.04 per share. Gerdau S.A. shares are currently trading off about 4.7% on the day. The chart below shows the one year performance of GGB shares, versus its 200 day moving average: Gerdau S.A. 200 Day Moving Average Chart

Looking at the chart above, GGB's low point in its 52 week range is $2.89 per share, with $5.32 as the 52 week high point - that compares with a last trade of $4.14.

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 Nasdaq, Inc.

This article appears in: Investing , Commodities
Referenced Symbols: GGB

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