STLD Crosses Below Key Moving Average Level

stld-crosses-below-key-moving-average-level
In trading on Tuesday, shares of Steel Dynamics Inc. (Symbol: STLD) crossed below their 200 day moving average of $129.30, changing hands as low as $128.69 per share. Steel Dynamics Inc. shares are currently trading off about 3.3% 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 $103.17 per share, with $155.56 as the 52 week high point — that compares with a last trade of $128.86. The STLD DMA information above was sourced from TechnicalAnalysisChannel.com

Click here to find out which 9 other metals stocks recently crossed below their 200 day moving average »

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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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