SmarTrend identified a Downtrend for Reliance Steel & Aluminum (NYSE:RS - Snapshot Report) on May 06, 2011 at $52.98. In approximately 2 months, Reliance Steel & Aluminum has returned 10% as of today's recent price of $47.68.
In the past 52 weeks, shares of Reliance Steel & Aluminum have traded between a low of $34.58 and a high of $60.60 and are now at $47.68, which is 38% above that low price.
Reliance Steel & Aluminum is currently below its 50-day moving average of $51.42 and below its 200-day moving average of $49.99. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 1.57% while the 200-day MA has risen 0.4%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Reliance Steel & Aluminum.
豫公网安备41010502003434号