SmarTrend identified an Uptrend for Reliance Steel & Aluminum （NYSE: RS） on September 03, 2010 at $40.45. In approximately 4 months, Reliance Steel & Aluminum has returned 30.4% as of today's recent price of $52.74.
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 $52.74, which is 53% above that low price.
Reliance Steel & Aluminum is currently above its 50-day moving average of $47.09 and above its 200-day moving average of $44.16. 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 1.28% while the 200-day MA has risen 0.15%.
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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