• Return to Headlines

Steel Dynamics Bearish Moving Average Crossover Alert (STLD)

By James Quinn

Today, shares of Steel Dynamics (NASDAQ:STLD) have fallen below their 10-day MA of $35.50 on a volume of 171K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Steel Dynamics share prices have moved between a 52-week high of $52.10 and a 52-week low of $28.91 and are now trading 21% above that low price at $34.86 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.8%.

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