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Steel Dynamics Bullish Moving Average Crossover Alert (STLD)

By David Diaz

Steel Dynamics (NASDAQ:STLD) crossed over its 10-day moving average of $32.00 on a volume of 188K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Steel Dynamics share prices have moved between a 52-week high of $52.10 and a 52-week low of $28.91 and are now trading 12% above that low price at $32.42 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Steel Dynamics on March 7th, 2019 by issuing a Downtrend alert when the shares were trading at $36.26. Since that call, shares of Steel Dynamics have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Steel Dynamics

Ticker(s): STLD