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Reliance Steel Up 7.3% Since SmarTrend Uptrend Call (RS)

By Amy Schwartz

SmarTrend identified an Uptrend for Reliance Steel (NYSE:RS) on October 24th, 2019 at $108.95. In approximately 4 weeks, Reliance Steel has returned 7.32% as of today's recent price of $116.92.

Over the past year, Reliance Steel has traded in a range of $68.62 to $120.85 and is now at $116.92, 70% above that low. The 200-day and 50-day moving averages have moved 0.72% higher and 1.25% higher over the past week, respectively.

Reliance Steel & Aluminum Co. distributes and processes steel and aluminum. The Company's products include carbon, alloy, stainless and specialty steel, aluminum, brass, and copper. Reliance operates processing and distribution centers throughout the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Reliance Steel shares.

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

Keywords: spotlights Reliance Steel

Ticker(s): RS