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Relatively Good Performance Detected in Shares of Worthington Inds in the Steel Industry (WOR , SCHN , NUE , STLD , CMC )

By David Diaz

Below are the top five companies in the Steel industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.

Worthington Inds (NYSE:WOR ) ranks first with a gain of 3.16%; Schnitzer Steel (NASDAQ:SCHN ) ranks second with a gain of 1.62%; and Nucor Corp (NYSE:NUE ) ranks third with a gain of 1.35%.

Steel Dynamics (NASDAQ:STLD ) follows with a gain of 0.94% and Commercial Metal (NYSE:CMC ) rounds out the top five with a gain of 0.89%.

SmarTrend recommended that its subscribers protect gains by selling shares of Commercial Metal on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $21.88. Since that call, shares of Commercial Metal have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance worthington inds schnitzer steel nucor corp Steel Dynamics commercial metal