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Top 5 Companies in the Steel Industry With the Lowest Relative Performance (ATI, X, NUE, MT, CRS)

Written on Fri, 07/30/2010 - 6:55am
By Chip Brian

Below are the top five companies in the Steel industry as measured by lowest relative performance. This analysis was based on yesterday's trading activity as we search for stocks that could be relative bargains.
Allegheny Technologies (NYSE:ATI) ranks first with a loss of 2.5%; U.S. Steel (NYSE:X) ranks second with a loss of 1.31%; and Nucor (NYSE:NUE) ranks third with a loss of 0.99%.
ArcelorMittal (NYSE:MT) follows with a loss of 0.55% and Carpenter Technology (NYSE:CRS) rounds out the top five with a loss of 0.47%.
SmarTrend is bearish on shares of NUE and our subscribers were alerted to Sell on May 20, 2010 at $43.09. The stock has fallen 9.1% since the alert was issued.

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