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Reliance Steel & Aluminum Breaks Above 200-Day Moving Average - Bullish for RS

In trading on Thursday, shares of Reliance Steel & Aluminum Co. (Symbol: RS) crossed above their 200 day moving average of $72.09, changing hands as high as $72.69 per share. Reliance Steel & Aluminum Co. shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of RS shares, versus its 200 day moving average:

Reliance Steel & Aluminum Co. 200 Day Moving Average Chart

Looking at the chart above, RS's low point in its 52 week range is $61.93 per share, with $76.78 as the 52 week high point - that compares with a last trade of $72.43.

According to the ETF Finder at ETF Channel, RS makes up 4.50% of the Steel ETF (Symbol: SLX) which is trading up by about 1.4% 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 Nasdaq, Inc.


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

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