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Schnitzer Steel Industries Crosses Above its 10-day MA (SCHN)

By Amy Schwartz

Today, shares of Schnitzer Steel Industries (NASDAQ:SCHN) have advanced above their 10-day MA of $16.80 on a volume of 128K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Schnitzer Steel Industries share prices have moved between a 52-week high of $21.57 and a 52-week low of $11.70 and are now trading 45% above that low price at $17.00 per share. The 200-day and 50-day moving averages have moved 0.33% higher and 2.46% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Schnitzer Steel Industries. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Schnitzer Steel Industries in search of a potential trend change.

Keywords: moving crosses schnitzer steel industries

Ticker(s): SCHN