SmarTrend identified an Uptrend for Reliance Steel & Aluminum （NYSE: RS） on September 03, 2010 at $40.45. In approximately 3 months since that trend was identified, Reliance Steel & Aluminum has returned 15.2% as of today's recent price of $46.59.
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 $46.59, which is 35% above that low price.
Reliance Steel & Aluminum is currently above its 50-day moving average of $43.14 and above its 200-day moving average of $43.67. Look for these moving averages to climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has climbed 0.72% while the 200-day MA has remained constant.
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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