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Uptrend Call Working As Reliance Steel Stock Rises 9.3% (RS)

By Shiri Gupta

SmarTrend identified an Uptrend for Reliance Steel (NYSE:RS) on October 24th, 2019 at $108.95. In approximately 1 month, Reliance Steel has returned 9.31% as of today's recent price of $119.09.

In the past 52 weeks, Reliance Steel share prices have been bracketed by a low of $68.62 and a high of $120.85 and are now at $119.09, 74% above that low price. The 200-day and 50-day moving averages have moved 0.54% higher and 0.84% 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