SmarTrend identified an Uptrend for Reliance Steel & Aluminum (NYSE:RS) on October 17th, 2012 at $53.46. In approximately 3 months, Reliance Steel & Aluminum has returned 19.86% as of today's recent price of $64.07.

In the past 52 weeks, Reliance Steel & Aluminum share prices have been bracketed by a low of $44.81 and a high of $65.70 and are now at $64.07, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

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 & Aluminum shares.

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