Pre-Market Analysis: Cia Siderurgica Nacional S.A., AK Steel Holding Corp., Steel Dynamics Inc., and Commercial Metals Co.
Pre-Market Analysis: Cia Siderurgica Nacional S.A., AK Steel Holding Corp., Steel Dynamics Inc., and Commercial Metals Co. Editor Note: For more information about this release, please scroll to bottom. PR Newswire LONDON, November 21, 2013 LONDON, November 21, 2013 /PRNewswire/ -- On Wednesday, November 20, 2013, all three indexes of the US equity market edged lower. The S&P 500 ended the day at 1,781.37, down 0.36%; the Dow Jones Industrial Average closed at 15,900.82, down 0.41%; and the NASDAQ Composite finished at 3,921.27, down 0.26%. Shares in the steel and iron industry mostly ended on a lower note, tracking losses in the broader market. The major movers in the industry included Cia Siderurgica Nacional S.A. (NYSE: SID), AK Steel Holding Corp. (NYSE: AKS), Steel Dynamics Inc. (NASDAQ: STLD), and Commercial Metals Co. (NYSE: CMC). All these companies are tracked by AAAResearchReports.com. Free technical research on SID, AKS, STLD, and CMC can be downloaded upon signing up at: http://www.aaaresearchreports.com/register/ Shares in Cia Siderurgica Nacional S.A. ended the day at $5.65, down 1.40%, after fluctuating between $5.63 and $5.82 during the trading session. A total of 3.96 million shares were traded, which is below the daily average volume of 8.08 million. Despite Wednesday's pullback, the company's shares have gained 54.79% in the previous three months and 3.10% in the last one month, outperforming the S&P 500, which has gained 7.81% and 2.11% during the respective periods. Further, Cia Siderurgica Nacional S.A.'s stock is trading above its 50-day and 200-day moving averages of $5.03 and $4.10, respectively. Sign up and read the complimentary report on SID at: http://www.AAAResearchReports.com/SID112113.pdf On Wednesday, shares in AK Steel Holding Corp. surged 3.19%, even as the broader market posted losses. The company's shares closed the day at $5.18, after fluctuating between $5.03 and $5.29 during the trading session. A total of 6.71 million shares were traded, which above the daily average volume 6.00 million. The company's shares have rallied 53.71% in the previous three months and 23.33% in the last one month, compared to a gain of 7.81% and 2.11% in the S&P 500 during the respective periods. Moreover, AK Steel Holding Corp.'s stock is trading near its 52-week high of $5.49 and also above its 50-day and 200-day moving averages of $4.36 and $3.68, respectively. The free report on AKS can be downloaded by signing up now at: http://www.AAAResearchReports.com/AKS112113.pdf Steel Dynamics Inc.'s stock ended Wednesday's trading session at $18.93, which is 0.58% lower than the previous day's closing price of $19.04. The company's shares vacillated between $18.83 and $19.24 during the trading session. A total of 1.30 million shares were traded, which is below the daily average volume of 2.09 million. The company's shares have gained 18.53% in the previous three months and 4.64% in the last one month, outperforming the S&P 500, which has gained 7.81% and 2.11% during the respective periods. Despite Wednesday's losses, Steel Dynamics Inc.'s stock is trading above its 50-day and 200-day moving averages of $17.66 and $15.89, respectively. A free report on STLD can be accessed by registering at: http://www.AAAResearchReports.com/STLD112113.pdf Commercial Metals Co.'s stock declined on Wednesday, closing the day 1.26% lower at $18.76 after oscillating between $18.70 and $19.29 during the trading session. A total of 1.25 million shares were traded, which is above the daily average volume 0.87 million. Despite Wednesday's pullback, the company's shares have advanced 19.41% in the previous three months and 9.01% in the last one month, outperforming the S&P 500, which has gained 7.81% and 2.11% during the respective periods. Furthermore, Commercial Metals Co.'s stock is trading near its 52-week high of $19.39 and also above its 50-day and 200-day moving averages of $17.48 and $15.90, respectively. Register with AAA Research Reports and download research on CMC for free at: http://www.AAAResearchReports.com/CMC112113.pdf ---- EDITOR NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5. For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE AAA Research Reports Contact: Phone #: + 1 (646) 396-9126 Contact Name: Peter F. Jones Email ID: firstname.lastname@example.org