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Downtrend Call Working As Ferroglobe Plc Stock Falls 28.4% (GSM)

By David Diaz

SmarTrend identified a Downtrend for Ferroglobe Plc (NASDAQ:GSM) on June 15th, 2018 at $9.20. In approximately 5 months, Ferroglobe Plc has returned 28.44% as of today's recent price of $6.58.

In the past 52 weeks, Ferroglobe Plc share prices have been bracketed by a current low of $0.00 and a high of $17.61 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has declined 2.2%.

Ferroglobe PLC produces metal products. The Company offers silicon-based metal alloys, electrodes, ferrosilicon, and manganese alloys, as well as provides hydroelectric energy. Ferroglobe 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 Ferroglobe Plc.

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

Keywords: spotlights ferroglobe plc

Ticker(s): GSM