Steel Dynamics Crosses Above its 10-day MA (STLD)
Steel Dynamics (NASDAQ:STLD) crossed over its 10-day moving average of $25.48 on a volume of 515K 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 $15.32 to $28.01 and is now at $25.73, 68% 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 monitoring the recent change of momentum in Steel Dynamics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Steel Dynamics in search of a potential trend change.
Keywords: moving crosses Steel Dynamics