Nov 30, 2010 （SmarTrend（R） Market Surveillance via COMTEX） -- Today, shares of Reliance Steel & Aluminum （NYSE:RS） have crossed bullishly above their 10-day moving average of $44.52 on volume of 346 thousand shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for Reliance Steel & Aluminum on September 03, 2010 at $40.45. In approximately 3 months, Reliance Steel & Aluminum has returned 10.4% as of today's recent price of $44.67.
In the past 52 weeks, shares of Reliance Steel & Aluminum have traded between a low of $34.58 and a high of $55.47 and are now at $44.67, which is 29% above that low price.
In the last five trading sessions, the 50-day MA has climbed 0.67% while the 200-day MA has remained constant.
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