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Steel Dynamics Down 6.1% Since SmarTrend Downtrend Call (STLD)

By David Diaz

SmarTrend identified a Downtrend for Steel Dynamics (NASDAQ:STLD) on March 7th, 2019 at $36.26. In approximately 1 month, Steel Dynamics has returned 6.07% as of today's recent price of $34.06.

In the past 52 weeks, shares of Steel Dynamics have traded between a low of $28.91 and a high of $52.10 and are now at $34.01, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.5%.

Steel Dynamics, Inc. is a diversified carbon-steel producer and metals recycler in the U.S, located in Fort Wayne, IN. The Company's operating segments include steel operations, metals recycling and ferrous resources operations, and steel fabrication operations. Steel Dynamics products include flat rolled steel sheet, engineered bar special-bar-quality, and structural beams.

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

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

Keywords: spotlights Steel Dynamics

Ticker(s): STLD