• Return to Headlines

Steel Dynamics Bearish Moving Average Crossover Alert (STLD)

By David Diaz

Steel Dynamics (NASDAQ:STLD) crossed under its 10-day moving average of $34.90 on a volume of 471K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Steel Dynamics has traded in a range of $15.32 to $40.17 and is now at $34.17, 123% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 2.6%.

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

Keywords: moving crosses Steel Dynamics

Ticker(s): STLD