Technicals Ahead of the Market Starts: Allegheny Technologies, Precision
Castparts, Reliance Steel & Aluminum, and Carpenter Technology
LONDON, December 5, 2013
LONDON, December 5, 2013 /PRNewswire/ --
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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:
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
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:
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:
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:
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