24.3% Return Seen to Date on SmarTrend Schnitzer Steel Industries Call (SCHN)
SmarTrend identified an Uptrend for Schnitzer Steel Industries (NASDAQ:SCHN) on June 8th, 2016 at $17.51. In approximately 4 months, Schnitzer Steel Industries has returned 24.25% as of today's recent price of $21.75.
In the past 52 weeks, shares of Schnitzer Steel Industries have traded between a low of $11.70 and a high of $21.90 and are now at $21.75, which is 86% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has risen 0.3%.
Schnitzer Steel Industries, Inc. operates a steel scrap recycling business in the western United States. The Company supplies ferrous scrap to export and domestic steel producers through its scrap collection, processing, and deep water facilities. Schnitzer also operates collection and processing facilities, as well as manages other facilities through joint ventures.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Schnitzer Steel Industries shares.
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