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Commercial Metals Bullish Moving Average Crossover Alert (CMC)

By Shiri Gupta

Commercial Metals (NYSE:CMC) shares have crossed bullishly above their 10-day moving average of $16.02 on a volume of 153K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Commercial Metals share prices have moved between a 52-week high of $18.50 and a 52-week low of $12.44 and are now trading 30% above that low price at $16.18 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Commercial Metals and will alert subscribers who have CMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses commercial metals

Ticker(s): CMC