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In trading on Monday, shares of Mechel OAO (NYSE:MTL) crossed below their 200 day moving average of $26.55, changing hands as low as $26.15 per share. Mechel OAO shares are currently trading off about 7.2% on the day. The chart below shows the one year performance of MTL shares, versus its 200 day moving average:
Looking at the chart above, MTL's low point in its 52 week range is $17.17 per share, with $34.74 as the 52 week high point — that compares with a last trade of $26.75.
According to the ETF Finder at ETF Channel, MTL makes up 2.18% of the Global Steel Portfolio ETF (NASDAQ:PSTL) which is trading lower by about 3.3% on the day Monday.
MTL operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Century Aluminum Co. (NASDAQ:CENX) which is down about 3.2% today, and AK Steel Holding Corp. (NYSE:AKS) trading lower by about 0.9%. Below is a three month price history chart comparing the stock performance of MTL, versus CENX and AKS.
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