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Steel Dynamics Bullish Moving Average Crossover Alert (STLD)

By James Quinn

Today, shares of Steel Dynamics (NASDAQ:STLD) have crossed bullishly above their 10-day moving average of $44.21 on a volume of 238K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Steel Dynamics has traded in a range of $22.79 to $50.70 and is now at $44.73, 96% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has risen 0.6%.

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