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Schnitzer Steel Industries, Inc. Breaks Above 200-Day Moving Average - Bullish for SCHN

By Market News Video Staff, Thursday, May 19, 11:42 AM ET
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In trading on Thursday, shares of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) crossed above their 200 day moving average of $56.97, changing hands as high as $57.70 per share. Schnitzer Steel Industries, Inc. shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of SCHN shares, versus its 200 day moving average:

Schnitzer Steel Industries, Inc. 200 Day Moving Average Chart

Looking at the chart above, SCHN's low point in its 52 week range is $37.00 per share, with $69.43 as the 52 week high point — that compares with a last trade of $56.14.

According to the ETF Finder at ETF Channel, SCHN makes up 2.62% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading lower by about 1.6% on the day Thursday.

     See what other ETFs contain SCHN »
     See what other stocks are held by XME »

SCHN operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Alumina Ltd (NYSE:AWC) which is off about 0.7% today, and Titanium Metals Corp. (TIE) trading lower by about 1.9%. Below is a three month price history chart comparing the stock performance of SCHN, versus AWC and TIE.

SCHN,AWC,TIE Relative Performance Chart


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This Article's Word Cloud:   According   Alumina   Below   Channel   Industries   Investment   Metals   Mining   Moving   Portfolio   Precious   SCHN   Schnitzer   Steel   Thursday   about   above   allows   asset   average   bonds   chart   companies   completely   currently   designed   growth   hands   high   history   lower   moving   other   performance   point   portfolio   price   range   raquo   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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