Technicals Ahead of the Market Starts: Allegheny Technologies, Precision Castparts, Reliance Steel & Aluminum, and Carpenter Technology PR Newswire LONDON, December 5, 2013 LONDON, December 5, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. On Wednesday, December 04, 2013, the US equity market declined, as the S&P 500 ended the day at 1,792.81, down 0.13%; the Dow Jones Industrial Average closed at 15,889.77, down 0.16%; while the NASDAQ Composite finished at 4,038.00, up 0.02%. TheS&P 500 Materials Sector Index finished the day 0.47% higher at 276.20; and the S&P 500 Industrials Sector Index ended 0.37% lower at 428.27. Additionally, the S&P 500 Materials Sector Index has gained 6.99% in the previous three months, underperforming the S&P 500, which has gained 8.45% during the same period.The major movers in the sector included Allegheny Technologies Inc.(NYSE: ATI),Precision Castparts Corp.(NYSE: PCP),Reliance Steel & Aluminum Co.(NYSE: RS), and Carpenter Technology Corp.(NYSE: CRS). AAAResearchReports.com initiated preliminary technical research on ATI, PCP, RS, and CRS. These free reports are accessible by signing today at: http://www.aaaresearchreports.com/register/ Allegheny Technologies Inc.'s shares edged higher on Wednesday, even as the broader market declined. The company's shares closed the day at$32.44, up 0.15%, after oscillating between$32.18 and$32.84 during the trading session. A total of 1.22 million shares were traded, which is below the daily average volume of 1.35 million. The company's shares have surged 20.51% in the previous three months, outperforming the S&P 500, which has gained 8.45% during the same period. Moreover, Allegheny Technologies Inc.'s stock is trading above its 50-day and 200-day moving averages of $32.42 and $29.54, respectively. The free technical analysis on ATI is available by signing up at: http://www.AAAResearchReports.com/ATI120513.pdf On Wednesday, Precision Castparts Corp.'s stock fell 0.98%, finishing at $253.83, after oscillating between $252.19 and $257.60 during the trading session. A total of 0.51 million shares were traded, which is below the daily average volume of 0.61 million. Despite Wednesday's losses, the company's shares have surged 16.55% in the previous three months, outperforming the S&P 500, which has gained 8.45% during the same period. Further, Precision Castparts Corp.'s stock is trading above its 50-day and 200-day moving averages of $245.65 and $218.27, respectively. Register now to download free research on PCP at: http://www.AAAResearchReports.com/PCP120513.pdf Shares in Reliance Steel & Aluminum Co. posted gains on Wednesday, closing the day at $73.42, which is 0.67% higher than the previous day's closing price of $72.93. The company's shares oscillated between $72.81 and $74.13 during the trading session. A total of 0.21 million shares were traded, which is below the daily average volume of 0.43 million. Reliance Steel & Aluminum Co.'s shares have advanced 8.98% in the previous three months, outperforming the S&P 500, which has advanced 8.45% during the same period. Additionally, the company's stock is trading above its 200-day moving average of $69.35. A free report on RS can be accessed by registering at: http://www.AAAResearchReports.com/RS120513.pdf Carpenter Technology Corp.'s shares rose on Wednesday, even as the US equity market edged lower. The company's shares closed at$60.78, up 1.15%, after oscillating between$59.92 and$61.15 during the trading session. A total of 0.28 million shares were traded, which is below the daily average volume of 0.33 million. The company's shares have gained 0.81% in the previous three trading sessions and 10.37% in the last three months, outperforming the S&P 500, which has lost 0.72% and has gained 8.45% during the respective periods. Furthermore, Carpenter Technology Corp.'s stock is trading above its 50-day and 200-day moving averages of $60.17 and $52.10, respectively. Register with AAA Research Reports and download research on CRS for free at: http://www.AAAResearchReports.com/CRS120513.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. 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Technicals Ahead of the Market Starts: Allegheny Technologies, Precision Castparts, Reliance Steel & Aluminum, and Carpenter
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