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Bullish Moving Average Cross by Ryerson Holding (RYI)

By Amy Schwartz

Today, shares of Ryerson Holding (NYSE:RYI) have advanced above their 10-day MA of $8.27 on a volume of 127K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Ryerson Holding share prices have moved between a 52-week high of $19.71 and a 52-week low of $7.80 and are now trading 8% above that low price at $8.45 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 8.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ryerson Holding on May 5th, 2017 by issuing a Downtrend alert when the shares were trading at $10.08. Since that call, shares of Ryerson Holding have fallen 21.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ryerson holding

Ticker(s): RYI