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31.7% Return Seen to Date on SmarTrend Ryerson Holding Call (RYI)

By David Diaz

SmarTrend identified a Downtrend for Ryerson Holding (NYSE:RYI) on August 14th, 2018 at $10.70. In approximately 4 months, Ryerson Holding has returned 31.68% as of today's recent price of $7.31.

In the past 52 weeks, Ryerson Holding share prices have been bracketed by a current low of $7.12 and a high of $12.95 and are now at $7.31. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2%.

Ryerson Holding Corporation operates as a holding company. The Company, through its subsidiaries, purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals. Ryerson serves customers worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ryerson Holding.

Log in and add Ryerson Holding (RYI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights ryerson holding

Ticker(s): RYI