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In trading on Monday, shares of Steel Dynamics Inc. (NASDAQ:STLD) crossed below their 200 day moving average of $16.80, changing hands as low as $16.50 per share. Steel Dynamics Inc. shares are currently trading off about 1.7% on the day. The chart below shows the one year performance of STLD shares, versus its 200 day moving average:
Looking at the chart above, STLD's low point in its 52 week range is $12.89 per share, with $20.70 as the 52 week high point — that compares with a last trade of $16.58.
According to the ETF Finder at ETF Channel, STLD makes up 2.61% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading lower by about 2.1% on the day Monday.
STLD operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Avalon Rare Metals Inc. (AMEX:AVL) which is down about 2.9% today, and Taseko Mines Ltd. (AMEX:TGB) trading lower by about 2%. Below is a three month price history chart comparing the stock performance of STLD, versus AVL and TGB.
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