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Reliance Steel & Aluminum Co. Breaks Below 200-Day Moving Average - Notable for RS
By Metals Channel Staff, Friday, October 19, 3:52 PM ET
In trading on Friday, shares of Reliance Steel & Aluminum Co. (NYSE:RS) crossed below their 200 day moving average of $52.46, changing hands as low as $52.43 per share. Reliance Steel & Aluminum Co. shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of RS shares, versus its 200 day moving average:
Looking at the chart above, RS's low point in its 52 week range is $37.78 per share, with $58.80 as the 52 week high point — that compares with a last trade of $52.76.
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According to the ETF Finder at ETF Channel, RS makes up 4.33% of the Steel ETF (AMEX:SLX) which is trading lower by about 2.1% on the day Friday.
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