Today's Research on Allegheny Technologies, Precision Castparts, Reliance Steel & Aluminum, Carpenter Technology, and Chart

  Today's Research on Allegheny Technologies, Precision Castparts, Reliance
         Steel & Aluminum, Carpenter Technology, and Chart Industries

PR Newswire

LONDON, March 7, 2013

LONDON, March 7, 2013 /PRNewswire/ --

Despite concerns about economic growth rate, the markets had yet another
bullish day on Wednesday. The Dow Jones ended its latest session at 14,296.24,
up 0.30 percent while NASDAQ was down 0.05 percent to close at 3,222.37.
Similarly, S&P closed on a positive note at 1,541.46, up 0.11 percent.
Industrial Goods sector also showed good growth as stocks inched up. Our
research team took a look at Industrial Goods sector, more specifically the
Metal Fabrication industry which includes major companies like Allegheny
Technologies Inc. (NYSE: ATI), Precision Castparts Corp. (NYSE: PCP), Reliance
Steel & Aluminum (NYSE: RS), Carpenter Technology Corp. (NYSE: CRS) and Chart
Industries Inc. (NASDAQ: GTLS). StockCall professionals have completed their
technical analysis on ATI, PCP, RS, CRS, and GTLS and these free reports are
accessible by registering at 

Allegheny Technologies Inc.'s stock grew sharply in its latest trading
session. The stock closed 3.52 percent higher at $31.44 with 2.29 million
share volume on Wednesday. With this upward move, the stock is now up more
than 3 percent for the year. In the past 52 weeks, the company is down 28.22
percent. The stock currently has support at $31.03 level. The stock's MACD
chart shows a bullish trend. Allegheny Technologies may face its first
resistance level at $32.32. Upon breaching this level, the stock may go as
high as $33.80. Sign up for the free technical research on ATI at 

Shares of Precision Castparts Corp. edged lower in Wednesday's trading
session. The stock closed 0.15 percent lower at $189.32 on lower than average
volume of 488,000 shares yesterday. Precision Castparts' shares are down 0.05
percent this year, underperforming the broad market. It has support at
$185.70. Despite the downward move, the company's shares are still trading
above their 20-day and 50-day moving averages. The stock's MACD is also
trading above the signal line and the zero-line. Both of these are bullish
signals. Be sure to read our latest technical research on PCP by registering

Shares of Reliance Steel & Aluminum ended yesterday's trading session up at
$66.65, 1.38 percent higher. The stock is up more than 7 percent this year,
in-line with the broad market. The stock has slipped from $67.35 resistance
level. It has support at around $66.19 at the moment. Despite its upward
movement, Reliance Steel & Aluminum is still trading below its 20-day moving
average. Sign up and read the complimentary report on RS at 

Carpenter Technology Corp.'s stock is in a bullish mode and is trading in-line
with its 20-day SMA of $46.91. It ended its latest trading session 1.27
percent higher at $46.91. The stock oscillated in the range of $46.52 and
$47.13 during Wednesday's session. The stock trades at Price/Earnings ratio of
16.81. Carpenter Technology is expected to face its first resistance level at
$47.02. The free report on CRS can be downloaded by signing up now at 

Chart Industries Inc. is currently in a neutral mode as the stock ended its
previous trading session on Wednesday at $81.39, down 0.68 percent. The stock
traded in the range of $80.11 and $82.11 during yesterday's session. Its first
support level is at $78.04 and upon breaching this level the stock may go down
to $75.77 level. On the upside, Chart Industries stock may touch $82.05 level.
Free report on GTLS can be accessed by registering at 

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