Pre-Market Analysis: Cia Siderurgica Nacional S.A., AK Steel Holding Corp.,
Steel Dynamics Inc., and Commercial Metals Co.
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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:
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:
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:
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:
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:
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