LONDON, March 31, 2014 /PRNewswire/ --
On Friday, March 28, 2014, the
NASDAQ Composite ended at 4,155.76, up 0.11%, the Dow Jones
Industrial Average advanced 0.36% to 16,323.06, and the S&P 500
closed at 1,857.62, up 0.46%. The gains were broad based as eight
out of 10 sectors ended the session in positive. The S&P 500
Materials Sector Index finished the day at 295.22, up 0.65%, while
the same has fallen by 0.48% in the last one month. Investor-Edge
has initiated coverage on the following equities: Reliance Steel
& Aluminum Co. (NYSE: RS), Nucor Corp. (NYSE: NUE), Steel
Dynamics Inc. (NASDAQ: STLD) and Commercial Metals Co. (NYSE: CMC).
Free technical research on RS, NUE, STLD and CMC can be downloaded
upon signing up at:
http://www.investor-edge.com/604-register
Shares in Reliance Steel & Aluminum Co. closed at $69.75, up 0.49% than the previous day's closing
price of $69.41. A total of 0.32
million shares were traded as compared with three months average
volume of 0.50 million shares. The company's shares oscillated
between $69.63 and $70.72 during the
trading session. Shares in Reliance Steel & Aluminum Co. have
declined 7.44% in the previous three months and 8.03% on YTD basis.
The stock is trading below its 50-day and 200-day moving averages.
Reliance Steel & Aluminum Co.'s 200-day moving average of
$71.29 is above its 50-day moving
average of $70.57. Furthermore, the
stock is trading at a PE ratio of 15.94 and has a Relative Strength
Index (RSI) of 46.94. Sign up today to read free research on RS
at:
http://www.investor-edge.com/604-RS-31Mar2014.pdf
Nucor Corp.'s stock witnessed trading volume of 1.45 million shares
on Friday, which is below the three months average volume of 2.09
million shares. The stock ended the day at $50.06, down 0.26%, after trading between
$49.83 and $50.51. Nucor Corp.'s
shares have fallen by 0.36% in the last one month and 6.22% on YTD
basis. The stock is trading above its 50-day and 200-day moving
averages. Nucor Corp.' s 50-day moving average of $49.71 is above its 200-day moving average of
$49.21. Additionally, shares of the
company are trading at a PE ratio of 32.32 and have an RSI of
49.86. Sign up today to read free research on NUE at:
http://www.investor-edge.com/604-NUE-31Mar2014.pdf
On Friday, Steel Dynamics Inc.'s stock declined 0.63% finishing the
session at $17.44. The stock recorded
a trading volume of 2.40 million shares which is below the three
months average volume of 2.61 million shares. The company's shares
fluctuated between $17.36 and $17.82
during the session. Shares in Steel Dynamics Inc. have lost 10.15%
in the previous three months and 10.75% on YTD basis. The stock is
trading above its 50-day and 200-day moving averages. Steel
Dynamics Inc.'s 50-day moving average of $17.22 is above its 200-day moving average of
$17.08. Moreover, shares of the
company are trading at a PE ratio of 21.37 and have an RSI of
51.11. Sign up today to read free research on STLD at:
http://www.investor-edge.com/604-STLD-31Mar2014.pdf
Shares in Commercial Metals Co. recorded a trading volume of 1.08
million shares, as compared with a three month average volume of
0.93 million shares. The stock ended Friday's session at
$18.52, down 3.19% after vacillating
between $18.41 and $19.03. Shares in Commercial Metals Co. have
declined 4.29% in the last one month and 8.90% on YTD basis. The
stock is trading above its 200-day moving average. Commercial
Metals Co.'s 50-day moving average of $19.31 is above its 200-day moving average of
$17.66. Further, the company's shares
are trading at a PE ratio of 34.30 and have an RSI of 40.31. Sign
up today to read free research on CMC at:
http://www.investor-edge.com/604-CMC-31Mar2014.pdf
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