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Schnitzer Steel Falling Today on Above-Average Volume (SCHN)

By James Quinn

Shares of Schnitzer Steel are trading down -2.0% to $23.10 today on above average volume. About 217,000 shares have been traded today, as compared to the 30-day average volume of 217,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Schnitzer Steel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Schnitzer Steel in search of a potential trend change.

In the past 52 weeks, Schnitzer Steel share prices have been bracketed by a low of $20.94 and a high of $37.95 and are now at $22.61, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.6%.

Keywords: unusual volume schnitzer steel

Ticker(s): SCHN